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RE/MAX Reports Sales and Prices Reflecting More Seasonal Trends
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
RE/MAX Reports Sales and Prices Reflecting More Seasonal Trends
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:
RE/MAX Reports Sales and Prices Reflecting More Seasonal Trends
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Home Selling Tips
About Mortgages
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Mortgage Rates

June 15, 2011 (Brian Moore)

Home sales and home prices are trending in a positive direction reflecting more normal seasonal trends as home prices edged up for the third month in a row by 3.7 percent in May compared to April and closed transactions also increased by 3.3 percent according to RE/MAX’s National Housing Report (NHR).

This year’s spring selling season couldn’t have come soon enough after a disappointing and dismal winter with current marketing data suggesting that the housing market may have hit bottom sometime after the first of year.

However, RE/MAX reports we may not be out of the woods yet, as financing requirements, poor appraisals, unemployment and uncertainty about the economy may hold the market back despite the positive month-to-month data that has pointed to an improving, though uneven, market recovery.

“Home sales activity appears to be coming back in line with the seasonal trends we would expect to see this time of year,” said Margaret Kelly, RE/MAX CEO. “It’s a very good sign that prices are starting to rise on a monthly basis. This may indicate that we’ve turned the corner and are headed in a positive direction.”

Closed transactions were 3.3 percent higher in May than April but were still 13.6 percent below the levels observed in May of 2010. Forty-two out of the 53 metro areas in the report experienced month-over-month increases in closed transactions. Phoenix (+10.9) and Miami (+10.2) lead the survey with double digit increases.

Sales prices in May were 3.7 percent higher than in April, but were 7.2 percent lower than May 2010. The median sales price in May 2011 was $183,815 which compares to a median sales price of $198,119 in May of 2010.

Forty-five of the 53 metro areas experienced price increases month-over-month, with two metro areas reporting unchanged prices. The best pricing performers were Providence, RI (+10.2%), Cleveland (+9.9%), Miami (+9.8%), Birmingham (+9.5%), and Kansas City (+9.2%).

The average number of days it took to sell a home in May was 94, which was down from 98 days in April. Inventory declined slightly as there was a 6.9 month supply of homes on the market in May compared to a 7.1 months supply in April.

Tags: RE/MAX, home sales, home prices, National Housing Report, spring selling season, market recovery, seasonal trends, financing requirements, poor appraisals, closed transactions

Source:
RE/MAX

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 15, 2011 (Brian Moore)

Home sales and home prices are trending in a positive direction reflecting more normal seasonal trends as home prices edged up for the third month in a row by 3.7 percent in May compared to April and closed transactions also increased by 3.3 percent according to RE/MAX’s National Housing Report (NHR).

This year’s spring selling season couldn’t have come soon enough after a disappointing and dismal winter with current marketing data suggesting that the housing market may have hit bottom sometime after the first of year.

However, RE/MAX reports we may not be out of the woods yet, as financing requirements, poor appraisals, unemployment and uncertainty about the economy may hold the market back despite the positive month-to-month data that has pointed to an improving, though uneven, market recovery.

“Home sales activity appears to be coming back in line with the seasonal trends we would expect to see this time of year,” said Margaret Kelly, RE/MAX CEO. “It’s a very good sign that prices are starting to rise on a monthly basis. This may indicate that we’ve turned the corner and are headed in a positive direction.”

Closed transactions were 3.3 percent higher in May than April but were still 13.6 percent below the levels observed in May of 2010. Forty-two out of the 53 metro areas in the report experienced month-over-month increases in closed transactions. Phoenix (+10.9) and Miami (+10.2) lead the survey with double digit increases.

Sales prices in May were 3.7 percent higher than in April, but were 7.2 percent lower than May 2010. The median sales price in May 2011 was $183,815 which compares to a median sales price of $198,119 in May of 2010.

Forty-five of the 53 metro areas experienced price increases month-over-month, with two metro areas reporting unchanged prices. The best pricing performers were Providence, RI (+10.2%), Cleveland (+9.9%), Miami (+9.8%), Birmingham (+9.5%), and Kansas City (+9.2%).

The average number of days it took to sell a home in May was 94, which was down from 98 days in April. Inventory declined slightly as there was a 6.9 month supply of homes on the market in May compared to a 7.1 months supply in April.

Tags: RE/MAX, home sales, home prices, National Housing Report, spring selling season, market recovery, seasonal trends, financing requirements, poor appraisals, closed transactions

Source:
RE/MAX

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 15, 2011 (Brian Moore)

Home sales and home prices are trending in a positive direction reflecting more normal seasonal trends as home prices edged up for the third month in a row by 3.7 percent in May compared to April and closed transactions also increased by 3.3 percent according to RE/MAX’s National Housing Report (NHR).

This year’s spring selling season couldn’t have come soon enough after a disappointing and dismal winter with current marketing data suggesting that the housing market may have hit bottom sometime after the first of year.

However, RE/MAX reports we may not be out of the woods yet, as financing requirements, poor appraisals, unemployment and uncertainty about the economy may hold the market back despite the positive month-to-month data that has pointed to an improving, though uneven, market recovery.

“Home sales activity appears to be coming back in line with the seasonal trends we would expect to see this time of year,” said Margaret Kelly, RE/MAX CEO. “It’s a very good sign that prices are starting to rise on a monthly basis. This may indicate that we’ve turned the corner and are headed in a positive direction.”

Closed transactions were 3.3 percent higher in May than April but were still 13.6 percent below the levels observed in May of 2010. Forty-two out of the 53 metro areas in the report experienced month-over-month increases in closed transactions. Phoenix (+10.9) and Miami (+10.2) lead the survey with double digit increases.

Sales prices in May were 3.7 percent higher than in April, but were 7.2 percent lower than May 2010. The median sales price in May 2011 was $183,815 which compares to a median sales price of $198,119 in May of 2010.

Forty-five of the 53 metro areas experienced price increases month-over-month, with two metro areas reporting unchanged prices. The best pricing performers were Providence, RI (+10.2%), Cleveland (+9.9%), Miami (+9.8%), Birmingham (+9.5%), and Kansas City (+9.2%).

The average number of days it took to sell a home in May was 94, which was down from 98 days in April. Inventory declined slightly as there was a 6.9 month supply of homes on the market in May compared to a 7.1 months supply in April.

Tags: RE/MAX, home sales, home prices, National Housing Report, spring selling season, market recovery, seasonal trends, financing requirements, poor appraisals, closed transactions

Source:
RE/MAX

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.