Here’s what happened this week in the real estate market:

Re/Max’s National Housing Report showed:

  • Inventory of homes for sale increased by 0.4 percent in comparison to April 2015.
  • The average days on the market for a home stood at 64 days.
  • Inventory in the 53 metros surveyed are still 11.7 percent below the level of one year ago.

remax may 2015 year over year

National Association of Realtors on international homebuyers:

  • Canadian buyers acquired $11.2 billion of residential real estate spanning April 2014 to March 2015.
  • This represents a $2.6 billion decrease in volume when compared to the previous 12-month period — where Canadian investors contributed $13.8 billion.
  • Roughly 41 percent of purchases made were in Florida, with 16 percent in Arizona.

 

region of origin NAR international

Auction.com’s “nowcast”:

  • Existing-home sales for the month of June will fall between seasonally adjusted rates of 5.4 million and 5.74 million annual sales
  • That’s an increase of 4.1 percent from May 2015, and an 11.2 percent increase from the same period last year
  • Auction.com’s May Nowcast point estimate of 5.31 million beat the consensus estimate of 5.25 million

nowcast-june-2015

According to Zillow’s home value index:

  • U.S. home values rose 3 percent year over year in May 2015 to $179,200
  • This figure is nearly 9 percent below values seen at the peak of housing bubble

us-home-values-cfbfd7

The latest FNC Residential Price Index showed:

  • The median sales price of new homes sold last month was $282,800
  • The average sales price was $337,000
  • The seasonally adjusted estimate of new houses for sale at the end of May was $206,000

FNC-index-1

Freddie Mac’s recent Multi-Indicator Market Index:

  • The national housing market received a recent rating of 78.7 percent
  • That’s up 2.1 points from three months ago and 3.57 points annually

Black Knight Financial Inc.’s foreclosures and delinquencies report indicated:

  • The rate of delinquencies, or loans that are 30 or more days past due but not in foreclosure, was 4.96 percent in May
  • That’s up 4 percent from April’s rate
  • In comparison to the same period last year, delinquencies are down 12 percent

black-knight-1

The Joint Center for Housing Studies at Harvard reported:

  • The national homeownership rate fell for the eighth straight year — and that trend is likely to continue, with the rate falling even further to 63.7 percent in the first quarter
  • About 650,000 single-family homes were started last year
  • Last year was the 10th year of consecutive growth for rental housing

national-homeownership-rate

RealtyTrac and Down Payment Resource’s joint study showed:

  • Ninety percent — or 334 of 370 — of U.S. counties with a population of at least 100,000 are more affordable than historical averages
  • Of the top affordable counties, seven of nine feature a median home price below $100,000

RT-DPR-chart1

Email market updates to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription