Get the latest daily real estate market news collected on a single page for your convenience.

National Association of Home Builders/Wells Fargo Housing Market Index (HMI) shows:

  • Builder confidence in the market in June hit its highest level since September 2014.
  • The index registered a score of 59 in June, up five points from May. (A score over 50 indicates more builders view conditions as good than poor.)
  • The component gauging current sales conditions leaped seven points to 65.
  • The component gauging sales expectations jumped six points to 69.
  • The component gauging buyer traffic rose four points to 44.

The California Association of Realtors (CAR) reported that existing-home sales were down in May:

  • Sales for existing single-family homes totaled 423,360 in May on a seasonally adjusted annualized rate.
  • May sales were down 1.1 percent from April 2015 (see infographic below) but up 8.9 percent from May 2014.
  • The statewide median home price for May was $485,380, up 0.8 percent from April 2015 and up 4.4 percent from May 2014.
  • CAR indicated that the available housing supply is still low, with 3.5 months of inventory available.


The Canadian Real Estate Association posted national home sales activity for May 2015:

  • National home sales rose 3.1 percent from April 2015 to May 2015.
  • The MLS home price index rose 5.17 percent from May 2014 to May 2015.
  • The national average sales price rose 8.1 percent year over year in May.

WalletHub released its list of the best and worst cities for families:

Best Cities for Families Worst Cities for Families
1 Overland Park, Kan. 141 Washington, D.C.
2 Plano, Texas 142 New Orleans, La.
3 Virginia Beach, Va. 143 Fort Lauderdale, Fla.
4 Lincoln, Neb. 144 Shreveport, La.
5 Sioux Falls, S.D. 145 Mobile, Ala.
6 Madison, Wis. 146 Baton Rouge, La.
7 Fremont, Calif. 147 Miami, Fla.
8 Chesapeake, Va. 148 Detroit, Mich.
9 Colorado Springs, Colo. 149 Birmingham, Ala.
10 Grand Prairie, Texas 150 Jackson, Miss.

Source: WalletHub

Email market updates to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Refer, reward, repeat. Share a 90-day free trial and get $$$.Refer & Earn×