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Spring Brings More Homes on the Market
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Spring Brings More Homes on the Market
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:
Spring Brings More Homes on the Market
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

The spring selling season enticed more sellers into the housing market in March but inventory levels still remained tight by historic standards according to the latest housing data of 146 metro areas released by Realtor.com.

The total number of existing homes for sale increased 2.36 percent from February to March with 1,529,432 single-family homes, condos, townhomes, and co-ops listed for sale during the month. Compared to a year ago, there were still 15.22 percent fewer homes available for purchase during the month.

The median list price for an existing home in March was $190,000, up only 0.05 percent from February and up by the same amount from March of last year.

Year-over-year, the top five most improved area’s were located in California led by a 56.12 percent increase in the Santa Barbara-Santa Maria-Lompoc area followed by Sacramento (+47.53%), Oakland (+32.39%), San Jose (+31.11%) and Orange County (+27.90%). California held nine of the top ten spots where listing prices have increased year-over-year with Phoenix being the lone region outside of California to break the top ten.

The area’s suffering the greatest decline in median list prices were Peoria-Pekin, IL (-10.72%), Columbia, MO (-8.57%), Springfield, IL (-9.69%), Dayton-Springfield, OH (-7.32%) and Akron, OH (6.08%).

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, one hundred of the areas saw an increase in list prices, while ten areas were unchanged from the previous year and 36 area’s posted a decline.

The average number of days that an existing home spent on the market fell to 78 in March from 98 in February and was down from 89 days in March of last year. Only 17 out of the 146 metropolitan areas required 100 days or more to sell a home.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 152 days on the market. Residents in Oakland had the shortest wait for the 18th consecutive month, averaging 14 days on the market.

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

Source:
Realtor.com

Reported by Chris Moore

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

The spring selling season enticed more sellers into the housing market in March but inventory levels still remained tight by historic standards according to the latest housing data of 146 metro areas released by Realtor.com.

The total number of existing homes for sale increased 2.36 percent from February to March with 1,529,432 single-family homes, condos, townhomes, and co-ops listed for sale during the month. Compared to a year ago, there were still 15.22 percent fewer homes available for purchase during the month.

The median list price for an existing home in March was $190,000, up only 0.05 percent from February and up by the same amount from March of last year.

Year-over-year, the top five most improved area’s were located in California led by a 56.12 percent increase in the Santa Barbara-Santa Maria-Lompoc area followed by Sacramento (+47.53%), Oakland (+32.39%), San Jose (+31.11%) and Orange County (+27.90%). California held nine of the top ten spots where listing prices have increased year-over-year with Phoenix being the lone region outside of California to break the top ten.

The area’s suffering the greatest decline in median list prices were Peoria-Pekin, IL (-10.72%), Columbia, MO (-8.57%), Springfield, IL (-9.69%), Dayton-Springfield, OH (-7.32%) and Akron, OH (6.08%).

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, one hundred of the areas saw an increase in list prices, while ten areas were unchanged from the previous year and 36 area’s posted a decline.

The average number of days that an existing home spent on the market fell to 78 in March from 98 in February and was down from 89 days in March of last year. Only 17 out of the 146 metropolitan areas required 100 days or more to sell a home.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 152 days on the market. Residents in Oakland had the shortest wait for the 18th consecutive month, averaging 14 days on the market.

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

Source:
Realtor.com

Reported by Chris Moore

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.

The spring selling season enticed more sellers into the housing market in March but inventory levels still remained tight by historic standards according to the latest housing data of 146 metro areas released by Realtor.com.

The total number of existing homes for sale increased 2.36 percent from February to March with 1,529,432 single-family homes, condos, townhomes, and co-ops listed for sale during the month. Compared to a year ago, there were still 15.22 percent fewer homes available for purchase during the month.

The median list price for an existing home in March was $190,000, up only 0.05 percent from February and up by the same amount from March of last year.

Year-over-year, the top five most improved area’s were located in California led by a 56.12 percent increase in the Santa Barbara-Santa Maria-Lompoc area followed by Sacramento (+47.53%), Oakland (+32.39%), San Jose (+31.11%) and Orange County (+27.90%). California held nine of the top ten spots where listing prices have increased year-over-year with Phoenix being the lone region outside of California to break the top ten.

The area’s suffering the greatest decline in median list prices were Peoria-Pekin, IL (-10.72%), Columbia, MO (-8.57%), Springfield, IL (-9.69%), Dayton-Springfield, OH (-7.32%) and Akron, OH (6.08%).

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, one hundred of the areas saw an increase in list prices, while ten areas were unchanged from the previous year and 36 area’s posted a decline.

The average number of days that an existing home spent on the market fell to 78 in March from 98 in February and was down from 89 days in March of last year. Only 17 out of the 146 metropolitan areas required 100 days or more to sell a home.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 152 days on the market. Residents in Oakland had the shortest wait for the 18th consecutive month, averaging 14 days on the market.

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

Source:
Realtor.com

Reported by Chris Moore

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.