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Home Sales Back to Normal Seasonal Trend after December Jump
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
Home Sales Back to Normal Seasonal Trend after December Jump
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Back to Normal Seasonal Trend after December Jump
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Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
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Mortgage Rates

February 17, 2012 (Jeff Alan)

Home sales returned to their normal seasonal trends in January following December’s unexpected jump but still remained higher than last year’s levels according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases declined 19.3 percent from December to January but were still 3.4 percent higher than in January 2011, the seventh consecutive month home sales have increased year-over-year.

Twenty out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Albuquerque, NM (+33.9%), Wilmington-Dover, DE (+33.2%,) Atlanta, GA (+26.3%), Indianapolis, IN (+19.6%), Providence, RI (+19.6%), Nashville, TN (+19.5%), Cleveland, OH (+18.9%) and Chicago, (IL +15.3%) recorded the highest year-over-year gains in closed transactions in January.

The median sales price of homes sold in January were 3.4 percent lower than in the previous month of December and were 0.8 percent lower than the median price in January of 2011. It was the 17th consecutive month that home prices have declined year-over-year.

Only 15 of the 53 metro areas posted higher sales prices in January than they did a year earlier, down from 20 metro areas the previous month. The areas that posted the largest price gains during the month were Miami, FL (+23.8%), Orlando, FL (+15.8%), Tampa, FL (+15.6%), Phoenix, AZ (+9.0%), Little Rock, AR (+5.5%) and Detroit, MI (+5.1%).

The average number of days it took to sell a home in January was 103, which was 5 days longer than the 98 days it took in December. The average month’s supply of inventory in January was 7.3, down from 7.8 months in December and down from a 10.1 months supply of homes in January 2011.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 4.2 percent from December and was 24.1 percent lower than in January 2011. It was the 19th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated “This positive start to the year will hopefully set the tone for a continuing housing recovery that’s drawing home buyers with low interest rates and low prices. If sales continue ahead of last year’s pace and inventory does not increase significantly, we could start to see increasing home prices this year.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
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Calculator
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Rates

February 17, 2012 (Jeff Alan)

Home sales returned to their normal seasonal trends in January following December’s unexpected jump but still remained higher than last year’s levels according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases declined 19.3 percent from December to January but were still 3.4 percent higher than in January 2011, the seventh consecutive month home sales have increased year-over-year.

Twenty out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Albuquerque, NM (+33.9%), Wilmington-Dover, DE (+33.2%,) Atlanta, GA (+26.3%), Indianapolis, IN (+19.6%), Providence, RI (+19.6%), Nashville, TN (+19.5%), Cleveland, OH (+18.9%) and Chicago, (IL +15.3%) recorded the highest year-over-year gains in closed transactions in January.

The median sales price of homes sold in January were 3.4 percent lower than in the previous month of December and were 0.8 percent lower than the median price in January of 2011. It was the 17th consecutive month that home prices have declined year-over-year.

Only 15 of the 53 metro areas posted higher sales prices in January than they did a year earlier, down from 20 metro areas the previous month. The areas that posted the largest price gains during the month were Miami, FL (+23.8%), Orlando, FL (+15.8%), Tampa, FL (+15.6%), Phoenix, AZ (+9.0%), Little Rock, AR (+5.5%) and Detroit, MI (+5.1%).

The average number of days it took to sell a home in January was 103, which was 5 days longer than the 98 days it took in December. The average month’s supply of inventory in January was 7.3, down from 7.8 months in December and down from a 10.1 months supply of homes in January 2011.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 4.2 percent from December and was 24.1 percent lower than in January 2011. It was the 19th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated “This positive start to the year will hopefully set the tone for a continuing housing recovery that’s drawing home buyers with low interest rates and low prices. If sales continue ahead of last year’s pace and inventory does not increase significantly, we could start to see increasing home prices this year.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 17, 2012 (Jeff Alan)

Home sales returned to their normal seasonal trends in January following December’s unexpected jump but still remained higher than last year’s levels according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases declined 19.3 percent from December to January but were still 3.4 percent higher than in January 2011, the seventh consecutive month home sales have increased year-over-year.

Twenty out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Albuquerque, NM (+33.9%), Wilmington-Dover, DE (+33.2%,) Atlanta, GA (+26.3%), Indianapolis, IN (+19.6%), Providence, RI (+19.6%), Nashville, TN (+19.5%), Cleveland, OH (+18.9%) and Chicago, (IL +15.3%) recorded the highest year-over-year gains in closed transactions in January.

The median sales price of homes sold in January were 3.4 percent lower than in the previous month of December and were 0.8 percent lower than the median price in January of 2011. It was the 17th consecutive month that home prices have declined year-over-year.

Only 15 of the 53 metro areas posted higher sales prices in January than they did a year earlier, down from 20 metro areas the previous month. The areas that posted the largest price gains during the month were Miami, FL (+23.8%), Orlando, FL (+15.8%), Tampa, FL (+15.6%), Phoenix, AZ (+9.0%), Little Rock, AR (+5.5%) and Detroit, MI (+5.1%).

The average number of days it took to sell a home in January was 103, which was 5 days longer than the 98 days it took in December. The average month’s supply of inventory in January was 7.3, down from 7.8 months in December and down from a 10.1 months supply of homes in January 2011.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 4.2 percent from December and was 24.1 percent lower than in January 2011. It was the 19th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated “This positive start to the year will hopefully set the tone for a continuing housing recovery that’s drawing home buyers with low interest rates and low prices. If sales continue ahead of last year’s pace and inventory does not increase significantly, we could start to see increasing home prices this year.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.