Home Prices Decline for Third Straight Month
Home Prices Decline for Third Straight Month
Home Prices Decline for Third Straight Month
Helpful
Tools
Mortgage
Calculator

Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison

Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates

See today's current mortgage rates. Shop, compare and save.

December 13 2010 (Shirley Allen)
double-dip-road-sign
According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory.

The report also revealed that national quarter over quarter price changes reached -5.8 percent with the Midwest experiencing the sharpest decline at -9.9 percent.

Only Honolulu and Washington D.C maintained quarterly and yearly gains last month while the South region was 2.3 percent above the lows in experienced in 2009.

The six lowest performing markets experienced double digit quarterly losses.

In last months report six of the top 50 metro markets were measured to have double-dipped while in November’s report more than double that, thirteen, are now in double-dip territory. Markets currently experiencing a double dip include Charlotte, N.C.; Jacksonville, Fla.; Las Vegas; Miami; Nashville, Tenn.; Orlando, Fla.; Philadelphia; Portland, Ore.; Richmond, Va.; Seattle, Wash.; Tampa, Fla.; Tucson, Ariz.; and Virginia Beach, Va.

Current price levels in the double –dipped areas are the lowest since the housing downturn began.

Clear Capital Senior Statistician Alex Villacorta stated, “It’s encouraging that the immediate and dramatic decline in prices that we observed since mid August appears to be softening. But any optimism should be tempered by the fact that November’s numbers show continued significant downward pressure for home prices. Nationally, prices are 6 percent above double dip territory, but are down 8 percent since the momentum from the tax credit ended.”

Other important indicators have also pointed towards a downward slide in prices. Last month the Federal Housing Finance Agency reported that U.S. home prices fell in the third quarter by 1.6 percent and 3.2 percent year over year.

The latest S&P/Case-Shiller Home Price Indices estimates that home prices fell by 2.0 percent last quarter and that prices dropped by 1.5 percent year over year.

The differences in numbers is based on the type of data collected and how it’s evaluated but the information clearly indicates that home prices seem to be once again trending downward.

Tags: falling home prices, double-dip, home prices, housing markets

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
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

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
Rates

See today's mortgage rates. Shop, compare and save.

December 13 2010 (Shirley Allen)
double-dip-road-sign
According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory.

The report also revealed that national quarter over quarter price changes reached -5.8 percent with the Midwest experiencing the sharpest decline at -9.9 percent.

Only Honolulu and Washington D.C maintained quarterly and yearly gains last month while the South region was 2.3 percent above the lows in experienced in 2009.

The six lowest performing markets experienced double digit quarterly losses.

In last months report six of the top 50 metro markets were measured to have double-dipped while in November’s report more than double that, thirteen, are now in double-dip territory. Markets currently experiencing a double dip include Charlotte, N.C.; Jacksonville, Fla.; Las Vegas; Miami; Nashville, Tenn.; Orlando, Fla.; Philadelphia; Portland, Ore.; Richmond, Va.; Seattle, Wash.; Tampa, Fla.; Tucson, Ariz.; and Virginia Beach, Va.

Current price levels in the double –dipped areas are the lowest since the housing downturn began.

Clear Capital Senior Statistician Alex Villacorta stated, “It’s encouraging that the immediate and dramatic decline in prices that we observed since mid August appears to be softening. But any optimism should be tempered by the fact that November’s numbers show continued significant downward pressure for home prices. Nationally, prices are 6 percent above double dip territory, but are down 8 percent since the momentum from the tax credit ended.”

Other important indicators have also pointed towards a downward slide in prices. Last month the Federal Housing Finance Agency reported that U.S. home prices fell in the third quarter by 1.6 percent and 3.2 percent year over year.

The latest S&P/Case-Shiller Home Price Indices estimates that home prices fell by 2.0 percent last quarter and that prices dropped by 1.5 percent year over year.

The differences in numbers is based on the type of data collected and how it’s evaluated but the information clearly indicates that home prices seem to be once again trending downward.

Tags: falling home prices, double-dip, home prices, housing markets

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

December 13 2010 (Shirley Allen)
double-dip-road-sign
According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory.

The report also revealed that national quarter over quarter price changes reached -5.8 percent with the Midwest experiencing the sharpest decline at -9.9 percent.

Only Honolulu and Washington D.C maintained quarterly and yearly gains last month while the South region was 2.3 percent above the lows in experienced in 2009.

The six lowest performing markets experienced double digit quarterly losses.

In last months report six of the top 50 metro markets were measured to have double-dipped while in November’s report more than double that, thirteen, are now in double-dip territory. Markets currently experiencing a double dip include Charlotte, N.C.; Jacksonville, Fla.; Las Vegas; Miami; Nashville, Tenn.; Orlando, Fla.; Philadelphia; Portland, Ore.; Richmond, Va.; Seattle, Wash.; Tampa, Fla.; Tucson, Ariz.; and Virginia Beach, Va.

Current price levels in the double –dipped areas are the lowest since the housing downturn began.

Clear Capital Senior Statistician Alex Villacorta stated, “It’s encouraging that the immediate and dramatic decline in prices that we observed since mid August appears to be softening. But any optimism should be tempered by the fact that November’s numbers show continued significant downward pressure for home prices. Nationally, prices are 6 percent above double dip territory, but are down 8 percent since the momentum from the tax credit ended.”

Other important indicators have also pointed towards a downward slide in prices. Last month the Federal Housing Finance Agency reported that U.S. home prices fell in the third quarter by 1.6 percent and 3.2 percent year over year.

The latest S&P/Case-Shiller Home Price Indices estimates that home prices fell by 2.0 percent last quarter and that prices dropped by 1.5 percent year over year.

The differences in numbers is based on the type of data collected and how it’s evaluated but the information clearly indicates that home prices seem to be once again trending downward.

Tags: falling home prices, double-dip, home prices, housing markets

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.