Housing Sales Volume Falls, Prices Hit Five Year Low
Housing Sales Volume Falls, Prices Hit Five Year Low
Housing Sales Volume Falls, Prices Hit Five Year Low
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.

February 27, 2012 (Chris Moore)

Weekly existing home sales volume picked up where it left off two weeks ago, falling slightly from the previous week, while home prices fell to their lowest level in the current five year housing market cycle according to the National Home Sales Snapshot released by DataQuick.

There were 144,228 properties sold over the previous thirty day rolling period ending February 23rd, down 0.5 percent from the previous week’s total of 144,914 properties sold and 4.1 percent lower than the 150,375 properties sold four weeks ago.

Sales volume is down 24.5 percent from the current year’s cycle peak of 190,934 sales during the 30-day rolling period prior to September 1st.

Last week’s home sales volume was 2.4 percent higher than the 140,833 homes sold during the same period a year ago and was 8.3 percent higher than during the same period three years ago when 133,205 homes were sold.

The median price of a home sold over the same thirty day rolling period ending February 23rd fell $1,000 from the previous week to $170,000 and is down 2.9 percent from a month ago. Last week’s median home price beat the current five-year cycle low of $171,000 posted in both the previous week and in June of 2009.

Home prices were also 2.9 percent lower than the same period a year ago when the median price of a home was $175,000 and were 8.1 percent lower than the same period three years ago when the median price was $185,000.

Over the last five years, median home prices nationwide have ranged from a high of $275,000 to the new low of $170,000 posted last week.

Sales volume for a thirty day period within the last five 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.

DataQuick national Snapshot 02-27-12

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

Source:
DataQuick

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.

February 27, 2012 (Chris Moore)

Weekly existing home sales volume picked up where it left off two weeks ago, falling slightly from the previous week, while home prices fell to their lowest level in the current five year housing market cycle according to the National Home Sales Snapshot released by DataQuick.

There were 144,228 properties sold over the previous thirty day rolling period ending February 23rd, down 0.5 percent from the previous week’s total of 144,914 properties sold and 4.1 percent lower than the 150,375 properties sold four weeks ago.

Sales volume is down 24.5 percent from the current year’s cycle peak of 190,934 sales during the 30-day rolling period prior to September 1st.

Last week’s home sales volume was 2.4 percent higher than the 140,833 homes sold during the same period a year ago and was 8.3 percent higher than during the same period three years ago when 133,205 homes were sold.

The median price of a home sold over the same thirty day rolling period ending February 23rd fell $1,000 from the previous week to $170,000 and is down 2.9 percent from a month ago. Last week’s median home price beat the current five-year cycle low of $171,000 posted in both the previous week and in June of 2009.

Home prices were also 2.9 percent lower than the same period a year ago when the median price of a home was $175,000 and were 8.1 percent lower than the same period three years ago when the median price was $185,000.

Over the last five years, median home prices nationwide have ranged from a high of $275,000 to the new low of $170,000 posted last week.

Sales volume for a thirty day period within the last five 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.

DataQuick national Snapshot 02-27-12

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

Source:
DataQuick

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

February 27, 2012 (Chris Moore)

Weekly existing home sales volume picked up where it left off two weeks ago, falling slightly from the previous week, while home prices fell to their lowest level in the current five year housing market cycle according to the National Home Sales Snapshot released by DataQuick.

There were 144,228 properties sold over the previous thirty day rolling period ending February 23rd, down 0.5 percent from the previous week’s total of 144,914 properties sold and 4.1 percent lower than the 150,375 properties sold four weeks ago.

Sales volume is down 24.5 percent from the current year’s cycle peak of 190,934 sales during the 30-day rolling period prior to September 1st.

Last week’s home sales volume was 2.4 percent higher than the 140,833 homes sold during the same period a year ago and was 8.3 percent higher than during the same period three years ago when 133,205 homes were sold.

The median price of a home sold over the same thirty day rolling period ending February 23rd fell $1,000 from the previous week to $170,000 and is down 2.9 percent from a month ago. Last week’s median home price beat the current five-year cycle low of $171,000 posted in both the previous week and in June of 2009.

Home prices were also 2.9 percent lower than the same period a year ago when the median price of a home was $175,000 and were 8.1 percent lower than the same period three years ago when the median price was $185,000.

Over the last five years, median home prices nationwide have ranged from a high of $275,000 to the new low of $170,000 posted last week.

Sales volume for a thirty day period within the last five 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.

DataQuick national Snapshot 02-27-12

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

Source:
DataQuick

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.