Here’s the latest real estate market news, summarized and recapped:

Here’s the latest market news, summarized and recapped:

Monday’s daily mortgage averages:

  • 30-year fixed: 4.00 percent
    • Friday: 3.90 percent
  • 15-year fixed: 3.03 percent
    • Friday: 3.03 percent
  • 1-year adjustable-rate: 2.62 percent
    • Friday: 2.62 percent

Trulia’s analysis of U.S. Census Bureau new home construction statistics:

  • New home starts fell slightly in July from June, but they were still 10.1 percent higher than in July 2014.
  • At 1.2 million, new home starts are still at historically low levels.
  • Permits posted also showed a monthly decline of 6.3 percent but a year-over-year growth of 7.5 percent.


Re/Max’s monthly housing report for July 2015:

  • Completed transactions in July 2015 were 3.2 percent lower than June 2015 but 11.3 percent higher than sales in July 2014.
  • Home prices have risen for 42 consecutive months, year-over-year.
  • Median price for homes sold in July was $215,000, and inventory was down 1.0 percent from June 2015.


From yesterday:

Friday’s daily mortgage averages:

  • 30-year fixed: 3.90 percent
    • Thursday: 3.99 percent
  • 15-year fixed: 3.03 percent
    • Thursday: 3.02 percent
  • 1-year adjustable-rate: 2.62 percent
    • Thursday: 2.64 percent

Zillow’s first-time homebuyer survey:

  • Americans rent for an average of six years before they purchase their first homes.
  • Americans are also buying increasingly expensive first homes.
  • First-time buyers are older and less likely to be married than in the past.


BuildFax’s new residential and remodeling permit activity report:

  • Both new residential construction and remodeling activity — measured by building permits pulled — were down nationally in July when compared to June.
  • Year over year, new residential permit activity is up 3 percent, and remodeling has declined by 6 percent.



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

Send market reports 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