Re/Max’s National Housing Report showed:
- Inventory of homes for sale increased by 0.4 percent in comparison to April 2015.
- The average days on the market for a home stood at 64 days.
- Inventory in the 53 metros surveyed are still 11.7 percent below the level of one year ago.
National Association of Realtors on international homebuyers:
- Canadian buyers acquired $11.2 billion of residential real estate spanning April 2014 to March 2015.
- This represents a $2.6 billion decrease in volume when compared to the previous 12-month period — where Canadian investors contributed $13.8 billion.
- Roughly 41 percent of purchases made were in Florida, with 16 percent in Arizona.
- Existing-home sales for the month of June will fall between seasonally adjusted rates of 5.4 million and 5.74 million annual sales
- That’s an increase of 4.1 percent from May 2015, and an 11.2 percent increase from the same period last year
- Auction.com’s May Nowcast point estimate of 5.31 million beat the consensus estimate of 5.25 million
According to Zillow’s home value index:
- U.S. home values rose 3 percent year over year in May 2015 to $179,200
- This figure is nearly 9 percent below values seen at the peak of housing bubble
The latest FNC Residential Price Index showed:
- The median sales price of new homes sold last month was $282,800
- The average sales price was $337,000
- The seasonally adjusted estimate of new houses for sale at the end of May was $206,000
Freddie Mac’s recent Multi-Indicator Market Index:
- The national housing market received a recent rating of 78.7 percent
- That’s up 2.1 points from three months ago and 3.57 points annually
Black Knight Financial Inc.’s foreclosures and delinquencies report indicated:
- The rate of delinquencies, or loans that are 30 or more days past due but not in foreclosure, was 4.96 percent in May
- That’s up 4 percent from April’s rate
- In comparison to the same period last year, delinquencies are down 12 percent
The Joint Center for Housing Studies at Harvard reported:
- The national homeownership rate fell for the eighth straight year — and that trend is likely to continue, with the rate falling even further to 63.7 percent in the first quarter
- About 650,000 single-family homes were started last year
- Last year was the 10th year of consecutive growth for rental housing
RealtyTrac and Down Payment Resource’s joint study showed:
- Ninety percent — or 334 of 370 — of U.S. counties with a population of at least 100,000 are more affordable than historical averages
- Of the top affordable counties, seven of nine feature a median home price below $100,000
Email market updates to press@inman.com.
