You're Now Reading:
Seller’s Asking Prices Fall as Season Comes to a Close
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Seller’s Asking Prices Fall as Season Comes to a Close
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:
Seller’s Asking Prices Fall as Season Comes to a Close
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

September 19, 2012 (Chris Moore)

The inventory of homes for sale in the United States fell for the second consecutive month in August while home sellers began dropping their asking prices following the end of the summer selling season according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale fell 1.20 percent from July with a total of 1,843,736 single-family homes, condos, townhomes, and co-ops were listed for sale in August compared to 1,866,075 in July. The total number of homes listed for sale was 18.68 percent lower than a year ago.

The median list price for an existing home in August was $190,000, down 2.51 percent from $194,900 in July, and only 0.05 percent higher than in August 2011.

The Santa Barbara-Santa Maria-Lompoc, CA, area showed the greatest improvement in year-over-year list prices for the third consecutive month in August. List prices in the area are up 38.96 percent over August of last year. The Phoenix-Mesa, AZ, area held on to the second spot for another month with a 25.00 percent increase from a year ago.

San Francisco moved up from the fourth spot to third with a 16.97 percent annual increase followed by San Jose with a 16.10 percent year-over-year increase with Boise City rounding out the top five with an annual increase of 13.71 percent.

The Peoria-Pelkin, IL, area posted the largest year-over-year decline in median list prices for the third consecutive month, falling 10.35 percent behind last year followed by the Charleston, WV, area which saw list prices in their area fall 9.03 percent in the last year.

Rounding out the bottom five was Toledo, OH, with an 8.61 percent decline, followed by the Fort Wayne, IN, area with a 6.83 percent decline and the Trenton, NJ, area where annual list prices declined by 5.70 percent.

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 101 of the areas saw an increase in list prices, down from 102 the previous month.

The average number of days that an existing home spent on the market increased to 91 in August from 88 in July but was still down from 103 days in August of last year. Thirty-four out of the 146 metropolitan areas required 100 days or more to sell a home, up from 27 in July.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 158 days on the market, unchanged from the previous month. Residents in Oakland had the shortest wait for the 11th consecutive month, averaging 20 days on the market, down from 22 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

September 19, 2012 (Chris Moore)

The inventory of homes for sale in the United States fell for the second consecutive month in August while home sellers began dropping their asking prices following the end of the summer selling season according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale fell 1.20 percent from July with a total of 1,843,736 single-family homes, condos, townhomes, and co-ops were listed for sale in August compared to 1,866,075 in July. The total number of homes listed for sale was 18.68 percent lower than a year ago.

The median list price for an existing home in August was $190,000, down 2.51 percent from $194,900 in July, and only 0.05 percent higher than in August 2011.

The Santa Barbara-Santa Maria-Lompoc, CA, area showed the greatest improvement in year-over-year list prices for the third consecutive month in August. List prices in the area are up 38.96 percent over August of last year. The Phoenix-Mesa, AZ, area held on to the second spot for another month with a 25.00 percent increase from a year ago.

San Francisco moved up from the fourth spot to third with a 16.97 percent annual increase followed by San Jose with a 16.10 percent year-over-year increase with Boise City rounding out the top five with an annual increase of 13.71 percent.

The Peoria-Pelkin, IL, area posted the largest year-over-year decline in median list prices for the third consecutive month, falling 10.35 percent behind last year followed by the Charleston, WV, area which saw list prices in their area fall 9.03 percent in the last year.

Rounding out the bottom five was Toledo, OH, with an 8.61 percent decline, followed by the Fort Wayne, IN, area with a 6.83 percent decline and the Trenton, NJ, area where annual list prices declined by 5.70 percent.

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 101 of the areas saw an increase in list prices, down from 102 the previous month.

The average number of days that an existing home spent on the market increased to 91 in August from 88 in July but was still down from 103 days in August of last year. Thirty-four out of the 146 metropolitan areas required 100 days or more to sell a home, up from 27 in July.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 158 days on the market, unchanged from the previous month. Residents in Oakland had the shortest wait for the 11th consecutive month, averaging 20 days on the market, down from 22 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.

September 19, 2012 (Chris Moore)

The inventory of homes for sale in the United States fell for the second consecutive month in August while home sellers began dropping their asking prices following the end of the summer selling season according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale fell 1.20 percent from July with a total of 1,843,736 single-family homes, condos, townhomes, and co-ops were listed for sale in August compared to 1,866,075 in July. The total number of homes listed for sale was 18.68 percent lower than a year ago.

The median list price for an existing home in August was $190,000, down 2.51 percent from $194,900 in July, and only 0.05 percent higher than in August 2011.

The Santa Barbara-Santa Maria-Lompoc, CA, area showed the greatest improvement in year-over-year list prices for the third consecutive month in August. List prices in the area are up 38.96 percent over August of last year. The Phoenix-Mesa, AZ, area held on to the second spot for another month with a 25.00 percent increase from a year ago.

San Francisco moved up from the fourth spot to third with a 16.97 percent annual increase followed by San Jose with a 16.10 percent year-over-year increase with Boise City rounding out the top five with an annual increase of 13.71 percent.

The Peoria-Pelkin, IL, area posted the largest year-over-year decline in median list prices for the third consecutive month, falling 10.35 percent behind last year followed by the Charleston, WV, area which saw list prices in their area fall 9.03 percent in the last year.

Rounding out the bottom five was Toledo, OH, with an 8.61 percent decline, followed by the Fort Wayne, IN, area with a 6.83 percent decline and the Trenton, NJ, area where annual list prices declined by 5.70 percent.

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 101 of the areas saw an increase in list prices, down from 102 the previous month.

The average number of days that an existing home spent on the market increased to 91 in August from 88 in July but was still down from 103 days in August of last year. Thirty-four out of the 146 metropolitan areas required 100 days or more to sell a home, up from 27 in July.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 158 days on the market, unchanged from the previous month. Residents in Oakland had the shortest wait for the 11th consecutive month, averaging 20 days on the market, down from 22 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.