FNC’s July 2015 residential price index:

  • Home prices rose at 0.2 percent month-over-month, a much slower pace than the January through May price increases.
  • This is the weakest June-to-July seasonal growth in the past three-and-a-half years.
  • Final sales for foreclosed and REO properties comprised 9.0 percent of all total existing homes sales, down from 9.7 percent in June 2015 and 10.4 percent in July 2014.

res-price-index-july15

Trulia’s housing affordability research:

  • Affordability has fallen in 89 of the 100 largest housing markets.
  • Ohio is the most affordable state; California is the least.
  • Some affordable metros become less affordable when transportation and utility costs are factored in.

unnamed

Weekly mortgage rates:


Powered by MortgageCalculator.org

 


Powered by MortgageCalculator.org

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

Yesterday’s market news:

NAR’s housing affordability numbers for July:

  • The median single-family home price is $235,500, up 5.8 percent from July 2014.
  • The West had the biggest increase in price at 8.4 percent; the Northeast saw price increases of 1.8 percent, making this region the slowest-growing in the U.S.
  • Nationally, affordability indices are down from 155.4 in July 2014 to 151.2 in July 2015.

091515B

Send market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription