December Home Sales Rise 13.2% in December
December Home Sales Rise 13.2% in December
December Home Sales Rise 13.2% in December
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January 20, 2011 (Jeff Alan)
mortgage-sold-sign-image
According to the RE/MAX National Housing Report, after five consecutive months of declines, homes sales rose 13.2 percent in December compared to November. However, compared to the year earlier, December home sales fell 5 percent. Although, RE/MAX said that is the lowest year-over-year drop in five months.

There was good news for areas such as Arizona and Florida which produced yearly gains in home sales. In Phoenix, home sales jumped 12.8 percent in December from the year ago. In Tampa, Fla., sales rose 7.4 percent and in Miami, home sales climbed 9.9 percent. Both areas have been two of the worse hit areas during the housing slump.

“It’s nice to see that sales were much higher than in November, with a year-over-year difference better than we’ve seen in months, and it’s encouraging that prices appear to be remaining stable,” Kelly said. “These positive trends should build as we enter the traditionally strong home-buying months in the spring and summer.”

Overall home prices continued to lag as prices were still down 2.2 percent from the year early and down 0.9 percent from November with the median sales price of $192, 941.

Out of the 54 major metropolitan areas that RE/MAX tracks, 28 areas experienced year over year home price appreciation, while 23 metro areas experienced home price decreases, and three areas remained flat.

Other areas that experienced hefty price appreciation were Cleveland (up 12%), Indianapolis (up 9.6%), Pittsburgh (up 8.6%), Dallas-Fort Worth (up 8.4%) and New Orleans (up 6.8%).

Homes sold in December were also on the market slightly longer than last year with last month averaging 96 days before they were sold, which is higher than the average of 93 days for sales closed in November and 92 days in December 2009.

According to RE/MAX, the months it would take to move inventory off the market increased to 10.2 months, but housing inventory was down 8.8 percent month over month and down 2.9 percent from December 2009.

A healthy market is considered to have a six month supply of inventory.

Tags: RE/MAX, national housing report, home sales, housing inventory, price appreciation, healthy market

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Estimate your monthly mortgage payment
Auto Loan
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Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
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January 20, 2011 (Jeff Alan)
mortgage-sold-sign-image
According to the RE/MAX National Housing Report, after five consecutive months of declines, homes sales rose 13.2 percent in December compared to November. However, compared to the year earlier, December home sales fell 5 percent. Although, RE/MAX said that is the lowest year-over-year drop in five months.

There was good news for areas such as Arizona and Florida which produced yearly gains in home sales. In Phoenix, home sales jumped 12.8 percent in December from the year ago. In Tampa, Fla., sales rose 7.4 percent and in Miami, home sales climbed 9.9 percent. Both areas have been two of the worse hit areas during the housing slump.

“It’s nice to see that sales were much higher than in November, with a year-over-year difference better than we’ve seen in months, and it’s encouraging that prices appear to be remaining stable,” Kelly said. “These positive trends should build as we enter the traditionally strong home-buying months in the spring and summer.”

Overall home prices continued to lag as prices were still down 2.2 percent from the year early and down 0.9 percent from November with the median sales price of $192, 941.

Out of the 54 major metropolitan areas that RE/MAX tracks, 28 areas experienced year over year home price appreciation, while 23 metro areas experienced home price decreases, and three areas remained flat.

Other areas that experienced hefty price appreciation were Cleveland (up 12%), Indianapolis (up 9.6%), Pittsburgh (up 8.6%), Dallas-Fort Worth (up 8.4%) and New Orleans (up 6.8%).

Homes sold in December were also on the market slightly longer than last year with last month averaging 96 days before they were sold, which is higher than the average of 93 days for sales closed in November and 92 days in December 2009.

According to RE/MAX, the months it would take to move inventory off the market increased to 10.2 months, but housing inventory was down 8.8 percent month over month and down 2.9 percent from December 2009.

A healthy market is considered to have a six month supply of inventory.

Tags: RE/MAX, national housing report, home sales, housing inventory, price appreciation, healthy market

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Helpful Tools

January 20, 2011 (Jeff Alan)
mortgage-sold-sign-image
According to the RE/MAX National Housing Report, after five consecutive months of declines, homes sales rose 13.2 percent in December compared to November. However, compared to the year earlier, December home sales fell 5 percent. Although, RE/MAX said that is the lowest year-over-year drop in five months.

There was good news for areas such as Arizona and Florida which produced yearly gains in home sales. In Phoenix, home sales jumped 12.8 percent in December from the year ago. In Tampa, Fla., sales rose 7.4 percent and in Miami, home sales climbed 9.9 percent. Both areas have been two of the worse hit areas during the housing slump.

“It’s nice to see that sales were much higher than in November, with a year-over-year difference better than we’ve seen in months, and it’s encouraging that prices appear to be remaining stable,” Kelly said. “These positive trends should build as we enter the traditionally strong home-buying months in the spring and summer.”

Overall home prices continued to lag as prices were still down 2.2 percent from the year early and down 0.9 percent from November with the median sales price of $192, 941.

Out of the 54 major metropolitan areas that RE/MAX tracks, 28 areas experienced year over year home price appreciation, while 23 metro areas experienced home price decreases, and three areas remained flat.

Other areas that experienced hefty price appreciation were Cleveland (up 12%), Indianapolis (up 9.6%), Pittsburgh (up 8.6%), Dallas-Fort Worth (up 8.4%) and New Orleans (up 6.8%).

Homes sold in December were also on the market slightly longer than last year with last month averaging 96 days before they were sold, which is higher than the average of 93 days for sales closed in November and 92 days in December 2009.

According to RE/MAX, the months it would take to move inventory off the market increased to 10.2 months, but housing inventory was down 8.8 percent month over month and down 2.9 percent from December 2009.

A healthy market is considered to have a six month supply of inventory.

Tags: RE/MAX, national housing report, home sales, housing inventory, price appreciation, healthy market

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.