Home Values Post Sharpest Drop in Six Months
Home Values Post Sharpest Drop in Six Months
Home Values Post Sharpest Drop in Six Months
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Home values suffered their largest decline in six months while existing home sales fell for the third consecutive week according to the National Home Sales Snapshot released by DataQuick.

There were 253,359 properties sold over the previous thirty-day rolling period ending October 3rd, down 1.3 percent from the previous week’s total of 256,733 sold properties and 5.2 percent lower than the 267,316 properties sold four weeks ago.

Sales volume was 6.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of this year.

Last week’s home sales volume was still 16.0 percent higher than the 218,444 homes sold during the same period a year ago and was 51.2 percent higher than during the same period three years ago when 167,594 homes were sold.

The median price of a home sold over the current thirty-day rolling period decreased by $2,500 to $227,000. It was the largest decline in home values since the end of February. Four weeks ago the median home price was also $228,837.

Home prices were 13.5 percent higher than during the same period a year ago when the median price of a home was $200,000 and were 15.6 percent higher than the median price of $196,373 during the same period three years ago.

DataQuick Weekly Snapshot 10-07-13

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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Home values suffered their largest decline in six months while existing home sales fell for the third consecutive week according to the National Home Sales Snapshot released by DataQuick.

There were 253,359 properties sold over the previous thirty-day rolling period ending October 3rd, down 1.3 percent from the previous week’s total of 256,733 sold properties and 5.2 percent lower than the 267,316 properties sold four weeks ago.

Sales volume was 6.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of this year.

Last week’s home sales volume was still 16.0 percent higher than the 218,444 homes sold during the same period a year ago and was 51.2 percent higher than during the same period three years ago when 167,594 homes were sold.

The median price of a home sold over the current thirty-day rolling period decreased by $2,500 to $227,000. It was the largest decline in home values since the end of February. Four weeks ago the median home price was also $228,837.

Home prices were 13.5 percent higher than during the same period a year ago when the median price of a home was $200,000 and were 15.6 percent higher than the median price of $196,373 during the same period three years ago.

DataQuick Weekly Snapshot 10-07-13

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
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FAST & EASY. DATA ENCRYPTED
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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
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Home values suffered their largest decline in six months while existing home sales fell for the third consecutive week according to the National Home Sales Snapshot released by DataQuick.

There were 253,359 properties sold over the previous thirty-day rolling period ending October 3rd, down 1.3 percent from the previous week’s total of 256,733 sold properties and 5.2 percent lower than the 267,316 properties sold four weeks ago.

Sales volume was 6.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of this year.

Last week’s home sales volume was still 16.0 percent higher than the 218,444 homes sold during the same period a year ago and was 51.2 percent higher than during the same period three years ago when 167,594 homes were sold.

The median price of a home sold over the current thirty-day rolling period decreased by $2,500 to $227,000. It was the largest decline in home values since the end of February. Four weeks ago the median home price was also $228,837.

Home prices were 13.5 percent higher than during the same period a year ago when the median price of a home was $200,000 and were 15.6 percent higher than the median price of $196,373 during the same period three years ago.

DataQuick Weekly Snapshot 10-07-13

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.