Check Inman every day for the daily version of this market roundup.
Home equity rates:
Thursday, Jan. 7:
- 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.
- 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.
Wednesday, Jan. 6:
- 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.
- 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:
- 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.
- 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.
Monday, Jan. 4:
- 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.
- 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.