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

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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.

June 26, 2012 (Chris Moore)

Monthly sales of new single-family homes jumped in May led by a surge in sales in the Northeast, while year-to-date, new home sales are over eighteen percent ahead of last years pace according to the latest housing data released by the Census Bureau.

Sales of new single-family homes jumped 7.6 percent in May to a seasonally adjusted rate of 369,000, up from a sales rate of 343,000 in April. On an unadjusted basis, new home sales increased by 6.0 percent from the previous month.

The rate of sales in May was 19.8 percent higher than the estimated sales rate of 308,000 units in May of 2011. Sales were 25.0 percent higher than in May of last year on an unadjusted basis. Through the end of May, new home sales are 18.2 percent higher than at the same time last year.

The median sales price of the new homes sold in May was $234,500, which was down from a revised $236,000 in April. The average sales price for a new home in May was $273,900, down from a revised $283,900 in April.

Seventy percent of the new single-family homes sold in May were under $300,000, up from 69 percent in April.

In May of last year, the median sales price of a new home was 5.6 percent lower at $222,000, while the average sales price was 4.3 percent lower at $262,700.

Two of the four national regions posted increases in seasonally adjusted monthly sales led by a 36.7 percent increase in the Northeast, followed by a 12.7 percent gain in the South.

The Midwest saw prices decline by 10.6 percent while in the West, new home sales fell by 3.5 percent.

Compared to a year ago, all four of the regions showed improvement with the Northeast posting the largest increase of 127.8 percent followed by the South at 16.6 percent while the West and the Midwest reported increases of 10.8 percent and 2.4 percent, respectively.

Inventory of new single-family homes remained on par with the previous four months with a seasonally adjusted 145,000 homes available for sale, which translates into a 4.7 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.