Existing Home Sales Plummet
Existing Home Sales Plummet
Existing Home Sales Plummet
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Sales of existing homes fell by over eight percent last week and are down nearly thirteen percent in the last month according to the National Home Sales Snapshot released by DataQuick.

There were 172,508 properties sold over the previous thirty-day rolling period ending February 6th, 8.5 percent below the previous week’s total of 188,454 sold properties and 12.6 percent lower than the 197,555 properties sold four weeks ago.

Sales volume was 36.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of last year.

Last week’s home sales volume was 2.4 percent lower than the 176,811 homes sold during the same period a year ago but was still 17.6 percent higher than during the same period three years ago when 146,667 homes were sold. It was the fifth consecutive week that home sales have fallen below the previous year’s levels.

The median price of a home sold over the current thirty-day rolling period fell by $6,000 to $213,000 after falling by $1,000 the week before. Four weeks ago the median home price was $220,000.

Home prices were 10.0 percent higher than during the same period a year ago when the median price of a home was $193,700 and were 18.3 percent higher than the median price of $180,000 during the same period three years ago.

DataQuick Weekly Snapshot 02-10-14

Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.

Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

Reported by Chris Moore

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Sales of existing homes fell by over eight percent last week and are down nearly thirteen percent in the last month according to the National Home Sales Snapshot released by DataQuick.

There were 172,508 properties sold over the previous thirty-day rolling period ending February 6th, 8.5 percent below the previous week’s total of 188,454 sold properties and 12.6 percent lower than the 197,555 properties sold four weeks ago.

Sales volume was 36.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of last year.

Last week’s home sales volume was 2.4 percent lower than the 176,811 homes sold during the same period a year ago but was still 17.6 percent higher than during the same period three years ago when 146,667 homes were sold. It was the fifth consecutive week that home sales have fallen below the previous year’s levels.

The median price of a home sold over the current thirty-day rolling period fell by $6,000 to $213,000 after falling by $1,000 the week before. Four weeks ago the median home price was $220,000.

Home prices were 10.0 percent higher than during the same period a year ago when the median price of a home was $193,700 and were 18.3 percent higher than the median price of $180,000 during the same period three years ago.

DataQuick Weekly Snapshot 02-10-14

Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.

Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

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 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.
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Sales of existing homes fell by over eight percent last week and are down nearly thirteen percent in the last month according to the National Home Sales Snapshot released by DataQuick.

There were 172,508 properties sold over the previous thirty-day rolling period ending February 6th, 8.5 percent below the previous week’s total of 188,454 sold properties and 12.6 percent lower than the 197,555 properties sold four weeks ago.

Sales volume was 36.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of last year.

Last week’s home sales volume was 2.4 percent lower than the 176,811 homes sold during the same period a year ago but was still 17.6 percent higher than during the same period three years ago when 146,667 homes were sold. It was the fifth consecutive week that home sales have fallen below the previous year’s levels.

The median price of a home sold over the current thirty-day rolling period fell by $6,000 to $213,000 after falling by $1,000 the week before. Four weeks ago the median home price was $220,000.

Home prices were 10.0 percent higher than during the same period a year ago when the median price of a home was $193,700 and were 18.3 percent higher than the median price of $180,000 during the same period three years ago.

DataQuick Weekly Snapshot 02-10-14

Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.

Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

Reported by Chris Moore

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.