Markets & Economy

Real estate market recap, Jan. 4-8, 2016

The big news in real estate markets, recapped for your convenience
Published on Jan 10, 2016

Check Inman every day for the daily version of this market roundup.

Mortgage rates:

Home equity rates:

Thursday, Jan. 7:

Fannie Mae’s Home Purchase Sentiment Index for December 2015:

  • The index increased 2.4 points to 83.2 in December.
  • Respondents who said it is a good time to buy a house comprised 35 percent of the total.
  • Respondents who said it is a good time to sell a house comprised 8 percent of the total.

hpsi-010716

Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for December 2015:

  • The MCAI decreased 2.4 percent to 124.3 in December 2015.
  • The Conventional MCAI was down 4.8 percent over the month.
  • The Conforming MCAI increased 0.1 percent month-over-month.

Total MCAI

Wednesday, Jan. 6:

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications decreased 27 percent (seasonally adjusted) from two weeks earlier for the week ending Jan. 1, 2016.
  • On an unadjusted basis, applications decreased 50 percent.
  • The refinance index decreased 37 percent from two weeks ago.

Auction.com Real Estate Nowcast for December 2015:

  • Existing home sales for December will fall between 4.8 and 5.11 million annual sales.
  • This is up 4.1 percent from November.
  • This also represents a 3.8 percent year-over-year decline.

Tuesday, Jan. 5:

CoreLogic’s Home Price Index report for November 2015:

  • Colorado, Hawaii, Nebraska, New York, Montana, Tennessee, Texas and Wyoming reached new price highs in November 2015.
  • Home prices were up 6.3 percent year-over-year.
  • CoreLogic forecasts that home prices will increase by 5.4 percent by November 2016.

corelogic-hpi-nov2015

Yardi Matrix’s December 2015 apartment trends report:

  • Rents were up 6.4 percent year-over-year in December 2015.
  • This is significantly higher than the 2.8 percent long-term average.
  • Average rent nationwide remained at $1,165; this is $1 less than the peak in September and October 2015.

yardi-average-rents

Monday, Jan. 4:

U.S. Census Bureau’s November 2015 construction spending report:

  • Construction spending was at a seasonally adjusted rate of $1,122.5 billion.
  • This is 0.4 percent below the revised October 2015 estimate.
  • It’s also 10.5 percent above the November 2014 estimate.

Black Knight Financial Services’ October 2015 home price index:

  • The home price index for October 2015 was $254,000.
  • New York, Tennessee and Texas hit new peaks in October.
  • Connecticut saw the most negative monthly movement.

BKFS_HPI_Oct2015_US_hi_res

[email protected].

Comments