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You're Now Reading:
Housing Inventory Twenty Percent Lower 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:
Housing Inventory Twenty Percent Lower 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:
Housing Inventory Twenty Percent Lower Than Last Year
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

October 14, 2011 (Chris Moore)

The inventory of available homes for sale in the United States is 20 percent lower than a year ago but it’s still taking longer to sell them according to the latest data housing of 146 metro areas released by Realtor.com

Total listings of existing homes decreased 3.27 percent from August with a total of 2,193,170 single-family homes, condos, townhomes, and co-ops listed for sale in September compared to 2,267,327 in August. The number of homes listed for sale in September was 20.09 percent lower than a year ago.

The median list price for an existing home in September was $190,000, up 0.05 percent from $189,900 posted in the previous two months. The median list price was 1.60 percent higher than in September 2010.

The area with the largest year-over-year decline in the median list price for the third consecutive month was Chicago where the median list price was 11.56 percent lower than September of 2010. Las Vegas came in at a close second with a decline of 11.05 percent.

The area with the largest year-over-year increase in the median list price, for the fourth consecutive month, was the Fort Myers-Cape Coral, FL, area where the median list price was 34.46 percent higher than in September of last year. Miami continued to run a close second with year-over-year median list prices increasing by 25.63 percent followed by Naples, FL, with an increase of 23.41 percent.

The average number of days that an existing home spent on the market climbed to 107 in September compared to 103 days in August and is now at the same level as September of last year. Seventy-six out of the 146 metropolitan areas required 100 days or more to sell a home.

Residents selling their homes in the southern region of South Carolina waited the longest to sell their homes, averaging 177 days on the market, while the folks in Denver had the shortest wait, averaging 46 days on the market.

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

October 14, 2011 (Chris Moore)

The inventory of available homes for sale in the United States is 20 percent lower than a year ago but it’s still taking longer to sell them according to the latest data housing of 146 metro areas released by Realtor.com

Total listings of existing homes decreased 3.27 percent from August with a total of 2,193,170 single-family homes, condos, townhomes, and co-ops listed for sale in September compared to 2,267,327 in August. The number of homes listed for sale in September was 20.09 percent lower than a year ago.

The median list price for an existing home in September was $190,000, up 0.05 percent from $189,900 posted in the previous two months. The median list price was 1.60 percent higher than in September 2010.

The area with the largest year-over-year decline in the median list price for the third consecutive month was Chicago where the median list price was 11.56 percent lower than September of 2010. Las Vegas came in at a close second with a decline of 11.05 percent.

The area with the largest year-over-year increase in the median list price, for the fourth consecutive month, was the Fort Myers-Cape Coral, FL, area where the median list price was 34.46 percent higher than in September of last year. Miami continued to run a close second with year-over-year median list prices increasing by 25.63 percent followed by Naples, FL, with an increase of 23.41 percent.

The average number of days that an existing home spent on the market climbed to 107 in September compared to 103 days in August and is now at the same level as September of last year. Seventy-six out of the 146 metropolitan areas required 100 days or more to sell a home.

Residents selling their homes in the southern region of South Carolina waited the longest to sell their homes, averaging 177 days on the market, while the folks in Denver had the shortest wait, averaging 46 days on the market.

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.

October 14, 2011 (Chris Moore)

The inventory of available homes for sale in the United States is 20 percent lower than a year ago but it’s still taking longer to sell them according to the latest data housing of 146 metro areas released by Realtor.com

Total listings of existing homes decreased 3.27 percent from August with a total of 2,193,170 single-family homes, condos, townhomes, and co-ops listed for sale in September compared to 2,267,327 in August. The number of homes listed for sale in September was 20.09 percent lower than a year ago.

The median list price for an existing home in September was $190,000, up 0.05 percent from $189,900 posted in the previous two months. The median list price was 1.60 percent higher than in September 2010.

The area with the largest year-over-year decline in the median list price for the third consecutive month was Chicago where the median list price was 11.56 percent lower than September of 2010. Las Vegas came in at a close second with a decline of 11.05 percent.

The area with the largest year-over-year increase in the median list price, for the fourth consecutive month, was the Fort Myers-Cape Coral, FL, area where the median list price was 34.46 percent higher than in September of last year. Miami continued to run a close second with year-over-year median list prices increasing by 25.63 percent followed by Naples, FL, with an increase of 23.41 percent.

The average number of days that an existing home spent on the market climbed to 107 in September compared to 103 days in August and is now at the same level as September of last year. Seventy-six out of the 146 metropolitan areas required 100 days or more to sell a home.

Residents selling their homes in the southern region of South Carolina waited the longest to sell their homes, averaging 177 days on the market, while the folks in Denver had the shortest wait, averaging 46 days on the market.

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.