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 Rebound in October
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Rebound in October
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 Rebound in October
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

November 27, 2012 (Jeff Alan)

Monthly sales of existing homes recovered from August and September’s losses with a solid gain in October according to RE/MAX’s National Housing Report (NHR) while monthly home prices slumped for a third consecutive month but were still up year-over-year.

With three more business days in October than September, closed transactions of home purchases increased 5.4 percent leaving homes sales for the month 17.8 percent higher than in October of 2011, more than enough to mark the 16th consecutive month that home sales have increased year-over-year.

Forty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 29 in September. Providence, RI (+48.0%), Chicago, IL (+44.0%), Albuquerque, NM (+39.3%), Burlington, VT (+37.0%) and Wichita, KS (+32.2%) recorded the highest year-over-year gains in closed transactions in October.

The median sales price of the homes sold in October was 3.7 percent lower than in the previous month of September, falling from $164,989 to $158,900. The median sales price was still 2.1 percent higher than the median price of $155,630 in October of 2011. It was the ninth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-eight of the 53 metro areas posted higher sales prices in October than they did a year earlier, unchanged from the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.9%), San Francisco, CA (+31.2%), Detroit, MI (+26.3%), Boise, ID (+24.7%) and Miami, FL (+22.0%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 6.3 percent from September and 28.9 percent from October 2011. It was the 28th consecutive month that the supply of homes for sale has declined.

With the declining inventory and the increase in sales for the month, the average month’s supply of homes for sale fell for the fourth time in five months, falling from a 5.5 months supply of homes in September to a 5.2 months supply in October and down from a 7.7 months supply in October of last year.

The average number of days it took for a home to sale nudged up slightly to 82 days in October from 81 days in September but was still lower than the 95 days it took a year ago.

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 27, 2012 (Jeff Alan)

Monthly sales of existing homes recovered from August and September’s losses with a solid gain in October according to RE/MAX’s National Housing Report (NHR) while monthly home prices slumped for a third consecutive month but were still up year-over-year.

With three more business days in October than September, closed transactions of home purchases increased 5.4 percent leaving homes sales for the month 17.8 percent higher than in October of 2011, more than enough to mark the 16th consecutive month that home sales have increased year-over-year.

Forty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 29 in September. Providence, RI (+48.0%), Chicago, IL (+44.0%), Albuquerque, NM (+39.3%), Burlington, VT (+37.0%) and Wichita, KS (+32.2%) recorded the highest year-over-year gains in closed transactions in October.

The median sales price of the homes sold in October was 3.7 percent lower than in the previous month of September, falling from $164,989 to $158,900. The median sales price was still 2.1 percent higher than the median price of $155,630 in October of 2011. It was the ninth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-eight of the 53 metro areas posted higher sales prices in October than they did a year earlier, unchanged from the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.9%), San Francisco, CA (+31.2%), Detroit, MI (+26.3%), Boise, ID (+24.7%) and Miami, FL (+22.0%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 6.3 percent from September and 28.9 percent from October 2011. It was the 28th consecutive month that the supply of homes for sale has declined.

With the declining inventory and the increase in sales for the month, the average month’s supply of homes for sale fell for the fourth time in five months, falling from a 5.5 months supply of homes in September to a 5.2 months supply in October and down from a 7.7 months supply in October of last year.

The average number of days it took for a home to sale nudged up slightly to 82 days in October from 81 days in September but was still lower than the 95 days it took a year ago.

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 27, 2012 (Jeff Alan)

Monthly sales of existing homes recovered from August and September’s losses with a solid gain in October according to RE/MAX’s National Housing Report (NHR) while monthly home prices slumped for a third consecutive month but were still up year-over-year.

With three more business days in October than September, closed transactions of home purchases increased 5.4 percent leaving homes sales for the month 17.8 percent higher than in October of 2011, more than enough to mark the 16th consecutive month that home sales have increased year-over-year.

Forty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 29 in September. Providence, RI (+48.0%), Chicago, IL (+44.0%), Albuquerque, NM (+39.3%), Burlington, VT (+37.0%) and Wichita, KS (+32.2%) recorded the highest year-over-year gains in closed transactions in October.

The median sales price of the homes sold in October was 3.7 percent lower than in the previous month of September, falling from $164,989 to $158,900. The median sales price was still 2.1 percent higher than the median price of $155,630 in October of 2011. It was the ninth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-eight of the 53 metro areas posted higher sales prices in October than they did a year earlier, unchanged from the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.9%), San Francisco, CA (+31.2%), Detroit, MI (+26.3%), Boise, ID (+24.7%) and Miami, FL (+22.0%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 6.3 percent from September and 28.9 percent from October 2011. It was the 28th consecutive month that the supply of homes for sale has declined.

With the declining inventory and the increase in sales for the month, the average month’s supply of homes for sale fell for the fourth time in five months, falling from a 5.5 months supply of homes in September to a 5.2 months supply in October and down from a 7.7 months supply in October of last year.

The average number of days it took for a home to sale nudged up slightly to 82 days in October from 81 days in September but was still lower than the 95 days it took a year ago.

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.