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:
RadarLogic RPX Reports Home Prices Lowest Since March 2003
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
RadarLogic RPX Reports Home Prices Lowest Since March 2003
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:
RadarLogic RPX Reports Home Prices Lowest Since March 2003
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

April 26, 2011 (Chris Moore)
mortgage-lowprices-image
Home prices in February hit their lowest mark since March of 2003 according to RadarLogic’s February 2011 RPX Monthly Housing Market Report. Tracking home prices in 25 metropolitan areas, the RPX Composite price fell to $178.12 per square foot in February, which is 36 percent lower than the all-time high of $278.32 per square foot on June 8, 2007.

RadarLogic utilizes a price per square foot metric for analyzing housing markets because it significantly reduces the influence of property size in overall housing pricing trends, which they feel can skew results.

Although the RPX Composite suggests that home prices may rise in the coming months with the onset of the spring buying season, RadarLogic says the housing market faces serious challenges due to an oversupply of homes on the market. This not only includes current housing inventory, but also foreclosures owned by banks and homes currently in the foreclosure process, which they predict will most likely prolong the period of oversupply.

Overall, prices are expected to remain below 2010 levels although there may be short-term seasonal gains.

“The current data suggest a continuing weak environment driven by too much supply and too few buyers. While we suspect it is harder to get a mortgage than it used to be, we also suspect the real problem is too few people want to, ”according to Michael Feder, Radar Logic’s CEO. “A house is not currently viewed as the safe investment it once was. When this psychology reverses, we will see a recovery. But that may not be for some time.”

The RPX Composite also reports that home sales in the 25 metropolitan areas increased 15.9 percent from January to February, however, year-over-year sales were still down by 1.2 percent.

More distressed properties were sold in February 2011 as 36 percent of all homes sold fell into that category. That compares to 30 percent in February 2010. The percentage of homes sold that were distressed properties were the highest amount in two years.

Tags: RadarLogic, RPX Composite, Monthly Housing Market Report, metropolitan areas, housing market, housing prices, home prices, oversupply, mortgage, home sales, distressed properties

Source:
RadarLogic

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

April 26, 2011 (Chris Moore)
mortgage-lowprices-image
Home prices in February hit their lowest mark since March of 2003 according to RadarLogic’s February 2011 RPX Monthly Housing Market Report. Tracking home prices in 25 metropolitan areas, the RPX Composite price fell to $178.12 per square foot in February, which is 36 percent lower than the all-time high of $278.32 per square foot on June 8, 2007.

RadarLogic utilizes a price per square foot metric for analyzing housing markets because it significantly reduces the influence of property size in overall housing pricing trends, which they feel can skew results.

Although the RPX Composite suggests that home prices may rise in the coming months with the onset of the spring buying season, RadarLogic says the housing market faces serious challenges due to an oversupply of homes on the market. This not only includes current housing inventory, but also foreclosures owned by banks and homes currently in the foreclosure process, which they predict will most likely prolong the period of oversupply.

Overall, prices are expected to remain below 2010 levels although there may be short-term seasonal gains.

“The current data suggest a continuing weak environment driven by too much supply and too few buyers. While we suspect it is harder to get a mortgage than it used to be, we also suspect the real problem is too few people want to, ”according to Michael Feder, Radar Logic’s CEO. “A house is not currently viewed as the safe investment it once was. When this psychology reverses, we will see a recovery. But that may not be for some time.”

The RPX Composite also reports that home sales in the 25 metropolitan areas increased 15.9 percent from January to February, however, year-over-year sales were still down by 1.2 percent.

More distressed properties were sold in February 2011 as 36 percent of all homes sold fell into that category. That compares to 30 percent in February 2010. The percentage of homes sold that were distressed properties were the highest amount in two years.

Tags: RadarLogic, RPX Composite, Monthly Housing Market Report, metropolitan areas, housing market, housing prices, home prices, oversupply, mortgage, home sales, distressed properties

Source:
RadarLogic

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.

April 26, 2011 (Chris Moore)
mortgage-lowprices-image
Home prices in February hit their lowest mark since March of 2003 according to RadarLogic’s February 2011 RPX Monthly Housing Market Report. Tracking home prices in 25 metropolitan areas, the RPX Composite price fell to $178.12 per square foot in February, which is 36 percent lower than the all-time high of $278.32 per square foot on June 8, 2007.

RadarLogic utilizes a price per square foot metric for analyzing housing markets because it significantly reduces the influence of property size in overall housing pricing trends, which they feel can skew results.

Although the RPX Composite suggests that home prices may rise in the coming months with the onset of the spring buying season, RadarLogic says the housing market faces serious challenges due to an oversupply of homes on the market. This not only includes current housing inventory, but also foreclosures owned by banks and homes currently in the foreclosure process, which they predict will most likely prolong the period of oversupply.

Overall, prices are expected to remain below 2010 levels although there may be short-term seasonal gains.

“The current data suggest a continuing weak environment driven by too much supply and too few buyers. While we suspect it is harder to get a mortgage than it used to be, we also suspect the real problem is too few people want to, ”according to Michael Feder, Radar Logic’s CEO. “A house is not currently viewed as the safe investment it once was. When this psychology reverses, we will see a recovery. But that may not be for some time.”

The RPX Composite also reports that home sales in the 25 metropolitan areas increased 15.9 percent from January to February, however, year-over-year sales were still down by 1.2 percent.

More distressed properties were sold in February 2011 as 36 percent of all homes sold fell into that category. That compares to 30 percent in February 2010. The percentage of homes sold that were distressed properties were the highest amount in two years.

Tags: RadarLogic, RPX Composite, Monthly Housing Market Report, metropolitan areas, housing market, housing prices, home prices, oversupply, mortgage, home sales, distressed properties

Source:
RadarLogic

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.