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Daily market update: March 22, 2016

Mortgage rates plus all the latest daily real estate market news

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We’ll add more market news briefs throughout the day. Check back to read the latest.

First American’s Real Estate Sentiment Index (RESI) for Q1 2016:

  • The┬áRESI decreased 4.4 percent from Q4 2015.
  • Quarter over quarter, purchase market sentiment declined 4.2 percent.
  • Refinance mortgage sentiment declined 4.9 percent quarter-over-quarter.

Federal Housing Finance Agency’s January 2016 Home Price Index:

  • The home price index was up 0.5 percent nationally month-over-month on a seasonally adjusted basis for January 2016.
  • The index was up 6.0 percent year-over-year.
  • Monthly price changes ranged from -1.0 percent in the Middle Atlantic census division to 1.7 percent in the South Altantic census division.

FHFA-january-index

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

National Association of Realtors February 2016 Existing Home Sales:

  • Total existing-home sales dropped 7.1 percent month-over-month on a seasonally adjusted basis from January to February.
  • Sales increased 2.2 percent year-over-year, however,
  • The median existing-home price for all housing types in February was 210,800, up 4.4 percent year-over-year.

February EHS Infographic

 

Email market reports to press@inman.com.