MortgageLoanRateUpdate
MortgageLoanRateUpdate
MortgageLoanRateUpdate
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
You're Now Reading:
Home Sales Down in October, Still Higher than Last Year
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Down in October, Still Higher than Last Year
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 Down in October, Still Higher than Last Year
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

November 18, 2011 (Jeff Alan)

Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR).

Thirty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Last month 43 of the metro areas posted an increase in transactions. Albuquerque, NM (+36.1%), Minneapolis, MN (+34.3), Birmingham, AL (+32.9%), Des Moines, IA (+32.6%), Chicago, (+22.3%), Providence, RI (+21.0%) and Raleigh-Durham, NC (+20.5%) recorded the highest gains in closed transactions in October.

The median sales price of a home declined 2.0 percent from $183,762 in September to $176,770 in October and was 5.4 percent lower than the median sales price of $186,800 in October 2010.

Eleven of the 53 metro areas posted higher sales prices in October than they did a year earlier, down from 17 metro areas last month. The areas that posted the largest price gains were Detroit, MI (+11.5%), Omaha, NE (+10.0%), Orlando, FL (+6.7%), Des Moines, IA (+3.6%), and Houston, TX (+2.0%).

The average number of days it took to sell a home in October was 95, which was 2 days longer than the 93 days it took in September. The average month’s supply of inventory in October remained unchanged from September at 7.7 months, but was still down from a 9.7 months supply of homes in October 2010. September’s average month’s supply of inventory was upwardly revised from 7.4.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 7.3 percent from September and was 21.0 percent lower than in October 2010. It was the 16th consecutive month that the supply of homes for sale has declined.

“It appears that home sales are coming more closely in line with the levels we saw last year, which should hold up through the winter months,” said Margaret Kelly, CEO of RE/MAX, LLC. “While it’s good to see sales still running higher than last year, at some point we would like to see prices rising higher than the previous year, as well.”

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
Mortgages
Mortgage
Calculator
Mortgage
Rates

November 18, 2011 (Jeff Alan)

Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR).

Thirty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Last month 43 of the metro areas posted an increase in transactions. Albuquerque, NM (+36.1%), Minneapolis, MN (+34.3), Birmingham, AL (+32.9%), Des Moines, IA (+32.6%), Chicago, (+22.3%), Providence, RI (+21.0%) and Raleigh-Durham, NC (+20.5%) recorded the highest gains in closed transactions in October.

The median sales price of a home declined 2.0 percent from $183,762 in September to $176,770 in October and was 5.4 percent lower than the median sales price of $186,800 in October 2010.

Eleven of the 53 metro areas posted higher sales prices in October than they did a year earlier, down from 17 metro areas last month. The areas that posted the largest price gains were Detroit, MI (+11.5%), Omaha, NE (+10.0%), Orlando, FL (+6.7%), Des Moines, IA (+3.6%), and Houston, TX (+2.0%).

The average number of days it took to sell a home in October was 95, which was 2 days longer than the 93 days it took in September. The average month’s supply of inventory in October remained unchanged from September at 7.7 months, but was still down from a 9.7 months supply of homes in October 2010. September’s average month’s supply of inventory was upwardly revised from 7.4.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 7.3 percent from September and was 21.0 percent lower than in October 2010. It was the 16th consecutive month that the supply of homes for sale has declined.

“It appears that home sales are coming more closely in line with the levels we saw last year, which should hold up through the winter months,” said Margaret Kelly, CEO of RE/MAX, LLC. “While it’s good to see sales still running higher than last year, at some point we would like to see prices rising higher than the previous year, as well.”

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.

November 18, 2011 (Jeff Alan)

Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR).

Thirty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Last month 43 of the metro areas posted an increase in transactions. Albuquerque, NM (+36.1%), Minneapolis, MN (+34.3), Birmingham, AL (+32.9%), Des Moines, IA (+32.6%), Chicago, (+22.3%), Providence, RI (+21.0%) and Raleigh-Durham, NC (+20.5%) recorded the highest gains in closed transactions in October.

The median sales price of a home declined 2.0 percent from $183,762 in September to $176,770 in October and was 5.4 percent lower than the median sales price of $186,800 in October 2010.

Eleven of the 53 metro areas posted higher sales prices in October than they did a year earlier, down from 17 metro areas last month. The areas that posted the largest price gains were Detroit, MI (+11.5%), Omaha, NE (+10.0%), Orlando, FL (+6.7%), Des Moines, IA (+3.6%), and Houston, TX (+2.0%).

The average number of days it took to sell a home in October was 95, which was 2 days longer than the 93 days it took in September. The average month’s supply of inventory in October remained unchanged from September at 7.7 months, but was still down from a 9.7 months supply of homes in October 2010. September’s average month’s supply of inventory was upwardly revised from 7.4.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 7.3 percent from September and was 21.0 percent lower than in October 2010. It was the 16th consecutive month that the supply of homes for sale has declined.

“It appears that home sales are coming more closely in line with the levels we saw last year, which should hold up through the winter months,” said Margaret Kelly, CEO of RE/MAX, LLC. “While it’s good to see sales still running higher than last year, at some point we would like to see prices rising higher than the previous year, as well.”

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.