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:
Miami Home Sales Fall in June, Home Prices Still Rise
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Miami Home Sales Fall in June, Home Prices Still Rise
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:
Miami Home Sales Fall in June, Home Prices Still Rise
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

August 7, 2012 (Shirley Allen)

Sales of new and re-sale homes in the Miami area failed to meet expectations in June, falling almost five percent from May’s tally, but home prices continued to improve, rising year-over-year for the sixth consecutive month according to the latest housing data released by DataQuick.

A total of 10,105 new and resale homes and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 4.8 percent lower than the 10,620 homes sold in May but up from the 9,856 homes sold in June of 2011.

Home sales in the region typically increase around six percent between May and June and were 17.7 percent lower than Miami’s average June sales rate.

New home sales in the area were 75.7 percent below average while sales of existing homes were only 6.0 percent below their historical average. New home sales for the month were the lowest on record for a June.

Cash buyers accounted for 63.0 percent of the purchases made in June, which was down from 65.4 percent in May and down from 64.2 percent a year ago. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

The price that cash buyers paid for the homes they purchased in June increased to $110,000 from $106,000 in May and was up from $96,100 in June of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.0 percent of all homes sold in June paying a median price of $110,000, up from $105,000 in May and up from $90,700 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $150,000, which was up from $144,800 in May and up from $135,000 in June of last year.

The median home price is 48.3 percent below the peak median price of $290,000 in June 2007. It was the sixth consecutive month that year-over-year prices have increased after falling for the previous 52 consecutive months.

Miami’s multi-million dollar luxury market, houses and condos that sold for $2 million or more, was down 27.3 percent from the previous month and down 16.2 percent from a year ago.

Tags: existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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

August 7, 2012 (Shirley Allen)

Sales of new and re-sale homes in the Miami area failed to meet expectations in June, falling almost five percent from May’s tally, but home prices continued to improve, rising year-over-year for the sixth consecutive month according to the latest housing data released by DataQuick.

A total of 10,105 new and resale homes and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 4.8 percent lower than the 10,620 homes sold in May but up from the 9,856 homes sold in June of 2011.

Home sales in the region typically increase around six percent between May and June and were 17.7 percent lower than Miami’s average June sales rate.

New home sales in the area were 75.7 percent below average while sales of existing homes were only 6.0 percent below their historical average. New home sales for the month were the lowest on record for a June.

Cash buyers accounted for 63.0 percent of the purchases made in June, which was down from 65.4 percent in May and down from 64.2 percent a year ago. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

The price that cash buyers paid for the homes they purchased in June increased to $110,000 from $106,000 in May and was up from $96,100 in June of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.0 percent of all homes sold in June paying a median price of $110,000, up from $105,000 in May and up from $90,700 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $150,000, which was up from $144,800 in May and up from $135,000 in June of last year.

The median home price is 48.3 percent below the peak median price of $290,000 in June 2007. It was the sixth consecutive month that year-over-year prices have increased after falling for the previous 52 consecutive months.

Miami’s multi-million dollar luxury market, houses and condos that sold for $2 million or more, was down 27.3 percent from the previous month and down 16.2 percent from a year ago.

Tags: existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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.

August 7, 2012 (Shirley Allen)

Sales of new and re-sale homes in the Miami area failed to meet expectations in June, falling almost five percent from May’s tally, but home prices continued to improve, rising year-over-year for the sixth consecutive month according to the latest housing data released by DataQuick.

A total of 10,105 new and resale homes and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 4.8 percent lower than the 10,620 homes sold in May but up from the 9,856 homes sold in June of 2011.

Home sales in the region typically increase around six percent between May and June and were 17.7 percent lower than Miami’s average June sales rate.

New home sales in the area were 75.7 percent below average while sales of existing homes were only 6.0 percent below their historical average. New home sales for the month were the lowest on record for a June.

Cash buyers accounted for 63.0 percent of the purchases made in June, which was down from 65.4 percent in May and down from 64.2 percent a year ago. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

The price that cash buyers paid for the homes they purchased in June increased to $110,000 from $106,000 in May and was up from $96,100 in June of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.0 percent of all homes sold in June paying a median price of $110,000, up from $105,000 in May and up from $90,700 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $150,000, which was up from $144,800 in May and up from $135,000 in June of last year.

The median home price is 48.3 percent below the peak median price of $290,000 in June 2007. It was the sixth consecutive month that year-over-year prices have increased after falling for the previous 52 consecutive months.

Miami’s multi-million dollar luxury market, houses and condos that sold for $2 million or more, was down 27.3 percent from the previous month and down 16.2 percent from a year ago.

Tags: existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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.