We’ll add more market news briefs throughout the day. Check back to read the latest.
Federal Housing Finance Agency’s July 2015 House Price Index report:
- Home prices in July were up 0.6 percent month-over-month.
- Year-over-year, July home prices were up 5.8 percent.
- The overall index is 1.1 percent below the March 2006 peak, at roughly the same level as the November 2006 index.
Zillow’s August real estate market reports:
- The U.S. housing market is leveling off. It’s appreciating 3.3 percent from a year ago to a Zillow Home Value Index of $180,800.
- Before the 2008 crash, 21.2 percent of homes (on average) were decreasing in value. Today’s percentage of average homes decreasing in value: 27.9 percent.
- In Baltimore, 48.1 percent of homes decreased in value during the past year.
Weekly mortgage rates:
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We’ll add more market news briefs throughout the day. Check back to read the latest.
Yesterday’s market news:
NAR’s existing-home sales for August 2015:
- Existing-home sales in August fell by 4.8 percent from July.
- Sales have risen year over year and are 6.2 percent above a year ago.
- The median existing-home price for all housing types in August was $228,700.
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