LoanCentral's Real Estate Lending Blog

13.2% Jump in the sales of new single-family homes... Wow, whats the real story - is it that good? Take a look at the new homes sales price. This is a clear indication that Builders around the country are discounting their current inventory to get it sold, not a turnaround for increasing inventory some are experiencing around the US.

This 13.2% increase is the biggest increase we've seen since 1993.

The 11.1% DECREASE in Median prices is the largest single month decrease in history based on information from the US Commerce department. April's median home price declined to $ 229,100.

Seattle and Portland are doing well. You wouldn't think so if you read last Sundays headline on the front page of the Seattle newspaper... "Seattle real estate goes from Sizzle to Simmer..." I actually read the article, and in a nut shell, our Seattle housing appreciation rates have dropped from 16% all the way to 13%. Forgive me, but the Seattle and Portland markets are the only two double digit growth areas in the top 42 metropolitan markets in the United States. Enjoy the growth and let's try to keep this slight correction under control in the media.