LoanRateNetwork
LoanRateNetwork
LoanRateNetwork
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
Home Sales Fall for the First Time in Six Months
Home Sales Fall for the First Time in Six Months
Home Sales Fall for the First Time in Six Months
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.

August 21, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the first time in six months from June to July according to RE/MAX’s National Housing Report (NHR) while year-over-year home prices continued to improve but declined slightly from June.

Closed transactions of home purchases fell 9.4 percent from June to July but were still 10.3 percent higher than in July of 2011, the 13th consecutive month home sales have increased year-over-year.

Forty-four out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 40 metro areas in June. Providence, RI (+38.1%), Albuquerque, NM (+29.6%), Chicago, IL (+29.5%), Boston, MA (+25.7%), Nashville, TN (+25.4%), and Milwaukee, WI (+25.1%) recorded the highest year-over-year gains in closed transactions in July.

The median sales price of the homes sold in July was 0.6 percent lower than in the previous month of June, falling from $170,067 to $169,000. The median sales price was still 3.7 percent higher than the median price in July of 2011. It was the sixth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-two of the 53 metro areas posted higher sales prices in July than they did a year earlier, down from 44 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.1%), Boise, ID (+22.1%), San Francisco, CA (+20.6%), Little Rock, AR (+14.5%), Detroit, MI (+14.1%), and Las Vegas, NV (+13.2%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.4 percent from June and 26.8 percent from July 2011. It was the 25th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the drop in home sales pushed the average month’s supply of inventory up for a second consecutive month, rising from a 5.0 months supply of homes in June to a 5.3 months supply in July but still down from a 7.2 months supply in July of last year.

Homes did sell faster in July, falling from an average of 84 days in June to 82 days in July.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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.
Information You Can Use
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.

August 21, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the first time in six months from June to July according to RE/MAX’s National Housing Report (NHR) while year-over-year home prices continued to improve but declined slightly from June.

Closed transactions of home purchases fell 9.4 percent from June to July but were still 10.3 percent higher than in July of 2011, the 13th consecutive month home sales have increased year-over-year.

Forty-four out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 40 metro areas in June. Providence, RI (+38.1%), Albuquerque, NM (+29.6%), Chicago, IL (+29.5%), Boston, MA (+25.7%), Nashville, TN (+25.4%), and Milwaukee, WI (+25.1%) recorded the highest year-over-year gains in closed transactions in July.

The median sales price of the homes sold in July was 0.6 percent lower than in the previous month of June, falling from $170,067 to $169,000. The median sales price was still 3.7 percent higher than the median price in July of 2011. It was the sixth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-two of the 53 metro areas posted higher sales prices in July than they did a year earlier, down from 44 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.1%), Boise, ID (+22.1%), San Francisco, CA (+20.6%), Little Rock, AR (+14.5%), Detroit, MI (+14.1%), and Las Vegas, NV (+13.2%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.4 percent from June and 26.8 percent from July 2011. It was the 25th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the drop in home sales pushed the average month’s supply of inventory up for a second consecutive month, rising from a 5.0 months supply of homes in June to a 5.3 months supply in July but still down from a 7.2 months supply in July of last year.

Homes did sell faster in July, falling from an average of 84 days in June to 82 days in July.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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.
Information You Can Use
Helpful Tools

August 21, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the first time in six months from June to July according to RE/MAX’s National Housing Report (NHR) while year-over-year home prices continued to improve but declined slightly from June.

Closed transactions of home purchases fell 9.4 percent from June to July but were still 10.3 percent higher than in July of 2011, the 13th consecutive month home sales have increased year-over-year.

Forty-four out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 40 metro areas in June. Providence, RI (+38.1%), Albuquerque, NM (+29.6%), Chicago, IL (+29.5%), Boston, MA (+25.7%), Nashville, TN (+25.4%), and Milwaukee, WI (+25.1%) recorded the highest year-over-year gains in closed transactions in July.

The median sales price of the homes sold in July was 0.6 percent lower than in the previous month of June, falling from $170,067 to $169,000. The median sales price was still 3.7 percent higher than the median price in July of 2011. It was the sixth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-two of the 53 metro areas posted higher sales prices in July than they did a year earlier, down from 44 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.1%), Boise, ID (+22.1%), San Francisco, CA (+20.6%), Little Rock, AR (+14.5%), Detroit, MI (+14.1%), and Las Vegas, NV (+13.2%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.4 percent from June and 26.8 percent from July 2011. It was the 25th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the drop in home sales pushed the average month’s supply of inventory up for a second consecutive month, rising from a 5.0 months supply of homes in June to a 5.3 months supply in July but still down from a 7.2 months supply in July of last year.

Homes did sell faster in July, falling from an average of 84 days in June to 82 days in July.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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.
Information You Can Use

LoanRateNetwork

LoanRateNetwork is an independent marketing leads generator. We are not a loan broker or lender. LoanRateNetwork is an advertising supported publisher and loan rate comparison service that is compensated by third party affiliates for the information you provide to us through the featured placement of sponsored products and services or by clicking on links posted on this website. Not all companies or products are represented through this website. Usage of this site is only available to persons in the continental United States, Alaska and Hawaii.
Copyright 2010 - 2021 LoanRateNetwork.com | All Rights Reserved
The information contained in this website is for general information purposes only. We make no representations or warranties of any kind, expressed or implied, about the completeness, accuracy, or reliability of the information, products, or services contained on the website. Any reliance you place on such information is therefore strictly at your own risk.