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:
New Home Sales Fall From December but Up Slightly from Last Year
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
New Home Sales Fall From December but Up Slightly from 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:
New Home Sales Fall From December but Up Slightly from Last Year
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

February 24, 2012 (Chris Moore)

Monthly sales of new single-family homes continued to be anemic in January with sales declining from December but slightly higher than in January 2011 according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 0.9 percent in January to a seasonally adjusted rate of 321,000, down from a revised rate of 324,000 in December. The seasonally adjusted rate in December was revised upward from 314,000.

The rate of sales in January was 3.5 percent higher than the estimated sales rate of 310,000 units in January of 2011.

In 2011, sales of new single-family homes were the worse on record with a total of 312,000 new homes sold, 11,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The median sales price of the new homes sold in January was $217,100, which was up from a revised $216,500 in December. The average sales price for a new home in January was $261,600, down from a revised $264,900 in December.

Seventy-four percent of the new single-family homes sold in January were under $300,000, up from 71 percent in December.

In January of last year, the median sales price of a new home was 10.6 percent higher at $240,100, while the average sales price was 5.4 percent higher at $275,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the South posting gains of 11.1 and 9.3 percent, respectively, while the Midwest and the West posted declines of 24.5 and 10.6 percent, respectively.

Compared to a year ago, new home sales in the West and the South increased 5.6 and 15.3 percent, respectively, while in the Northeast and the Midwest, sales declined by 39.4 and 11.9 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 151,000 homes available for sale, which translates into a 5.6 months supply of inventory.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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

February 24, 2012 (Chris Moore)

Monthly sales of new single-family homes continued to be anemic in January with sales declining from December but slightly higher than in January 2011 according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 0.9 percent in January to a seasonally adjusted rate of 321,000, down from a revised rate of 324,000 in December. The seasonally adjusted rate in December was revised upward from 314,000.

The rate of sales in January was 3.5 percent higher than the estimated sales rate of 310,000 units in January of 2011.

In 2011, sales of new single-family homes were the worse on record with a total of 312,000 new homes sold, 11,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The median sales price of the new homes sold in January was $217,100, which was up from a revised $216,500 in December. The average sales price for a new home in January was $261,600, down from a revised $264,900 in December.

Seventy-four percent of the new single-family homes sold in January were under $300,000, up from 71 percent in December.

In January of last year, the median sales price of a new home was 10.6 percent higher at $240,100, while the average sales price was 5.4 percent higher at $275,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the South posting gains of 11.1 and 9.3 percent, respectively, while the Midwest and the West posted declines of 24.5 and 10.6 percent, respectively.

Compared to a year ago, new home sales in the West and the South increased 5.6 and 15.3 percent, respectively, while in the Northeast and the Midwest, sales declined by 39.4 and 11.9 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 151,000 homes available for sale, which translates into a 5.6 months supply of inventory.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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 24, 2012 (Chris Moore)

Monthly sales of new single-family homes continued to be anemic in January with sales declining from December but slightly higher than in January 2011 according to the latest housing data released by the Census Bureau.

Sales of new single-family homes declined 0.9 percent in January to a seasonally adjusted rate of 321,000, down from a revised rate of 324,000 in December. The seasonally adjusted rate in December was revised upward from 314,000.

The rate of sales in January was 3.5 percent higher than the estimated sales rate of 310,000 units in January of 2011.

In 2011, sales of new single-family homes were the worse on record with a total of 312,000 new homes sold, 11,000 less than the 323,000 homes sold in 2010, which had previously been the worst year for new home sales.

The median sales price of the new homes sold in January was $217,100, which was up from a revised $216,500 in December. The average sales price for a new home in January was $261,600, down from a revised $264,900 in December.

Seventy-four percent of the new single-family homes sold in January were under $300,000, up from 71 percent in December.

In January of last year, the median sales price of a new home was 10.6 percent higher at $240,100, while the average sales price was 5.4 percent higher at $275,700.

Two of the four regions posted increases in seasonally adjusted monthly sales with the Northeast and the South posting gains of 11.1 and 9.3 percent, respectively, while the Midwest and the West posted declines of 24.5 and 10.6 percent, respectively.

Compared to a year ago, new home sales in the West and the South increased 5.6 and 15.3 percent, respectively, while in the Northeast and the Midwest, sales declined by 39.4 and 11.9 percent, respectively.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 151,000 homes available for sale, which translates into a 5.6 months supply of inventory.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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.