Markets & Economy

Market update June 17, 2015: Residential price index and loan modification data

The latest daily real estate market news collected on a single page

FNC released its residential price index: The national residential price rose 1.2 percent in April 2015 from March 2015. The 30-MSA composite rose 1.4 percent in April 2015 from March 2015. The 10-MSA composite rose 1.7 percent in April 2015 from March 2015. HOPE NOW released its April 2015 loan modification data: Approximately 44,000 loan modifications were completed in April 2015 vs. 43,000 in March 2015, representing a 3 percent increase. Approximately 8,300 short sales were completed in April 2015 vs. 8,300 in March 2015. Approximately 2,000 deeds in-lieu were completed in April 2015 vs. 1,900 in March 2015, representing a 5 percent increase. Approximately 59,000 foreclosure starts were filed in April vs. 78,000 in March 2015, representing a 24 percent decrease. Approximately 32,000 foreclosure sales were completed in April vs. 31,000 in March 2015, representing a 1 percent increase. Approximately 1.78 million serious delinquencies were tracked in April...