Posted on 24 March 2009
Tags: CHICAGO, Des Moines, Feburary home sales, Federal Government, home sales declined, home sales fall, home sales figures, Home sales in Chicago, Indianapolis, Iowa, Kansas, Kansas City, Major, Missouri, nationwide home sales, Real Estate, real estate agent, Wichita
Existing home sales in the 12-state region fall to 18 percent from February last year as doubts about the economic conditions and firm credit requirements prevent potential buyers, according to two reports released on Monday.
The median price in the Midwest declined 8 percent to $131,000 which is the second-smallest drop of any region.
By contrast, nationwide home sales slipped 10 percent from a year ago, without adjusting for seasonal factors, while prices tumbled almost 16 percent to $165,400.
Home sales fell in 11 of 12 major Midwestern cities with seven of those plummeting by more than 20 percent from prior-year levels the survey includes all home sales recorded in the metropolitan statistical area by all local agents, regardless of company affiliation.
Chicago; Wichita, Kan.; Indianapolis; Des Moines, Iowa; and Kansas City, Mo., face the biggest losses in the region, dropping by 25 percent or more.
Overall sales increased 5 percent in February while the median sale price fell 50 percent which is considered to be the biggest drop in the country to $41,000.
Home sales in Chicago plummeted by 65 percent in February from a year ago, one of the worst showings in the nation. The median home sale price has also fallen, declining 23 percent to $179,000.
A real estate agent said that buyers who would normally have taken advantage of lower home prices are now staying out of the market, afraid that prices will continue to fall. He said the problem has only worsened as more homes are taken into possession or are being sold short that is for less than the balance on the mortgage.
Those stressed sales make it virtually impossible for regular sellers to put their properties on the market for good prices, even in higher-valued neighborhoods, he said.
Every part of state has been affected. Properties that were sold for $410,000 a year ago now go for $120,000.
Sales in the Indianapolis market slid to 29 percent in February while the median sale price fell 15 percent to $93,900.
One of the reasons is that lenders have increased their requirements for mortgages, forcing potential buyers to provide more documentation on income and other financial factors.
Home sales in Fargo slid to 25 percent in February compared with a year ago, but the median sale price has remained relatively controlled,declining only about 2 percent to $139,900.
One of the agents said the economic troubles affecting much of the country have scared away some potential buyers.
Another agent said the market for first-time home buyers has been a bright spot, especially after the federal government began offering an $8,000 tax credit to first-time buyers as part of the new economic encouragement plan.
Posted on 08 August 2008
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I have tried to include all credit cards issued in US. If you think if I have missed any, please leave a comment. More than 1200 cards have been included.
1. AAA Credit Card
2. AAA Rewards Visa Credit Card (Northern California, Nevada, Utah)
3. AAdvantage American Express from Citi
4. AAdvantage Bronze MasterCard from Citi
5. AAdvantage Bronze MasterCard from Citi for College Students
6. AAdvantage Gold World MasterCard from Citi
7. AAdvantage CitiBusiness Card
8. AARP Platinum Visa
9. AARP Rewards Platinum Visa Credit Card
10. AARP Travel Plus Visa Signature Card
11. Abercrombie & Fitch Credit Card
12. Academy of General Dentistry Platinum Visa Card
13. AccountNow Prepaid MasterCard
14. Adirondack Trust Company MasterCard or Visa
15. Advanta Platinum BusinessCard with Rewards
16. Advanta Life-Of-Balance Platinum Card
17. Advanta Platinum BusinessCard
18. Aer Lingus Rewards MasterCard
19. Agriculture Federal Credit Union Visa
20. AICPA Platinum Visa Card
21. Air BP Visa
22. Air Canada MasterCard
23. Aircraft Owners and Pilots Association MasterCard
24. Air Force Association Platinum MasterCard
25. Air Force Sergeants Association MasterCard
26. AirTran Airways A+ Business Card
27. AirTran Airways A+ Visa Signature Credit Card from Juniper Bank
28. Alabama Central Credit Union MasterCard or Visa
29. Alaska Airlines Visa
30. Alaska Airlines Visa Business Card
31. Albina Community Bank Loop Card
32. All-Access Visa Prepaid Card
33. Allow Card Prepaid MasterCard
34. Alternatives Federal Credit Union Visa
35. Amalgamated Bank MasterCard
36. Amalgamated Bank Union MasterCard
37. Amalgamated Bank Secured Gold MasterCard
38. Amazon.com Business Credit Card
39. Amazon.com Platinum Visa Credit Card
40. American Association of Neurological Surgeons Credit Card
41. American Bar Association Visa
42. American Boating Association Credit Card
43. American Canine Association Platinum MasterCard
44. American Chemical Society Credit Card
45. American DreamCard MasterCard
46. American Eagle Outfitters Credit Card
47. American Express Business ExtrAA Corporate Card
48. American Express Business Gold Rewards Card
49. American Express Business Green Rewards Card
50. American Express Business Membership Rewards Card
51. American Express Business Platinum Card
52. The American Express Card
53. American Express Card for Students
54. American Express Cash Rebate Card
55. American Express Corporate Card
56. American Express Executive Business Card
57. The American Express Gold Card
58. American Express Golf Card
59. American Express IN:CHICAGO Card
60. American Express IN:LA Card
61. American Express IN:NYC Card
62. American Express Optima Card
63. American Express Optima Platinum Card
64. American Express Platinum Business Credit Card
65. American Express Platinum Business FreedomPass Credit Card
66. American Express Platinum Card
67. American Express Platinum Cash Rebate Card
68. American Express Preferred Rewards Gold Card
69. American Express Preferred Rewards Green Card
70. American Express Rewards Plus Gold Card
71. American Express SimplyCash Business Card
72. American Institute of Architects Credit Card
73. American Kennel Club Rewards Visa
74. American Legion Auxiliary Visa
75. American Legion Visa
76. American Medical Association Business Credit Card
77. American Medical Association Platinum Visa Credit Card
78. American Medical Student Association Credit Card
79. American Paint Horse Association Credit Card
80. American Photo Visa Card
81. American Quarter Horse Association Business Credit Card
82. American Quarter Horse Association Credit Card
83. American Savings Bank Secured Visa
84. American Savings Bank Student Secured Visa
85. American Savings Bank Visa
86. American Savings Bank Visa Gold
87. American Skiing Company Edge MasterCard
88. American Society of Civil Engineers Credit Card
89. American Society of Mechanical Engineers Credit Card
90. American State Bank Credit Card (Iowa)
91. American State Bank & Trust Visa (North Dakota)
92. American State Bank Visa (Texas)
93. American Taekwondo Association Credit Card
94. American University MasterCard
95. America’s Christian Credit Union Credit Cards
96. Amtrak Guest Rewards MasterCard
97. AmTrust Bank Rewards American Express Card
98. AmTrust Bank WorldPoints Credit Card
99. ANB Financial MasterCard or Visa
100. AnimalSafe MasterCard Read the full story
