Daily market update: Sept. 16, 2015

Our daily summary of market news, updated regularly with new tidbits

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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. 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. Weekly mortgage rates: Powered by   Powered by 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 media...