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Real Estate Values to Drop Another $1 Trillion
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You're Now Reading:
Real Estate Values to Drop Another $1 Trillion
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:
Real Estate Values to Drop Another $1 Trillion
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December 31, 2010 (Chris Moore)
home-value-image
As we reported here on December 10th, 2010, Zillow.com’s Real Estate Market Reports had reported that total residential value losses since the housing markets peak in June 2006 had reached $9 trillion and now a survey of economists, real estate experts, investment and market strategists by MacroMarkets suggests that another $1 trillion of value will be lost over the next four years.

Terry Loebs, managing director with MacroMarkets said, “One can infer from the December data that the aggregate value of U.S. single-family homes four years from now will be roughly $1 trillion less than projected in May. Weak market fundamentals persist and continue to gnaw at wealth and confidence in these uncharted, post-bubble waters.”

The economists predict that on average they expect market values to fall .17% nationwide in 2011.

The survey is based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years.

Loebs added “The survey data we collected this year have consistently pointed to price stability in the intermediate- to long-term, which is reassuring in light of the volatility in actual home prices we have witnessed during the past few years. However, most experts foresee a longer road to recovery, and materially lower price performance in the coming years than they did just a few months ago.”

One bright spot, if predictions are correct, is that the panel also felt that home prices would start rising in 2012 (1.94%) and would continue to increase in 2013 (2.86%), 2014 (3.45%), and 2015 (3.67%).

Tags: residential value losses, economists, housing market, single-family homes, market value, rising home prices

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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.
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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
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Calculator
Mortgage
Rates

December 31, 2010 (Chris Moore)
home-value-image
As we reported here on December 10th, 2010, Zillow.com’s Real Estate Market Reports had reported that total residential value losses since the housing markets peak in June 2006 had reached $9 trillion and now a survey of economists, real estate experts, investment and market strategists by MacroMarkets suggests that another $1 trillion of value will be lost over the next four years.

Terry Loebs, managing director with MacroMarkets said, “One can infer from the December data that the aggregate value of U.S. single-family homes four years from now will be roughly $1 trillion less than projected in May. Weak market fundamentals persist and continue to gnaw at wealth and confidence in these uncharted, post-bubble waters.”

The economists predict that on average they expect market values to fall .17% nationwide in 2011.

The survey is based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years.

Loebs added “The survey data we collected this year have consistently pointed to price stability in the intermediate- to long-term, which is reassuring in light of the volatility in actual home prices we have witnessed during the past few years. However, most experts foresee a longer road to recovery, and materially lower price performance in the coming years than they did just a few months ago.”

One bright spot, if predictions are correct, is that the panel also felt that home prices would start rising in 2012 (1.94%) and would continue to increase in 2013 (2.86%), 2014 (3.45%), and 2015 (3.67%).

Tags: residential value losses, economists, housing market, single-family homes, market value, rising home prices

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.

December 31, 2010 (Chris Moore)
home-value-image
As we reported here on December 10th, 2010, Zillow.com’s Real Estate Market Reports had reported that total residential value losses since the housing markets peak in June 2006 had reached $9 trillion and now a survey of economists, real estate experts, investment and market strategists by MacroMarkets suggests that another $1 trillion of value will be lost over the next four years.

Terry Loebs, managing director with MacroMarkets said, “One can infer from the December data that the aggregate value of U.S. single-family homes four years from now will be roughly $1 trillion less than projected in May. Weak market fundamentals persist and continue to gnaw at wealth and confidence in these uncharted, post-bubble waters.”

The economists predict that on average they expect market values to fall .17% nationwide in 2011.

The survey is based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years.

Loebs added “The survey data we collected this year have consistently pointed to price stability in the intermediate- to long-term, which is reassuring in light of the volatility in actual home prices we have witnessed during the past few years. However, most experts foresee a longer road to recovery, and materially lower price performance in the coming years than they did just a few months ago.”

One bright spot, if predictions are correct, is that the panel also felt that home prices would start rising in 2012 (1.94%) and would continue to increase in 2013 (2.86%), 2014 (3.45%), and 2015 (3.67%).

Tags: residential value losses, economists, housing market, single-family homes, market value, rising home prices

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.