Daily market update: Sept. 22, 2015

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

Federal Housing Finance Agency’s July 2015 House Price Index report:

• Home prices in July were up 0.6 percent month-over-month.
• Year-over-year, July home prices were up 5.8 percent.
• The overall index is 1.1 percent below the March 2006 peak, at roughly the same level as the November 2006 index.

Zillow’s August real estate market reports:

• The U.S. housing market is leveling off. It’s appreciating 3.3 percent from a year ago to a Zillow Home Value Index of $180,800.
• Before the 2008 crash, 21.2 percent of homes (on average) were decreasing in value. Today’s percentage of average homes decreasing in value: 27.9 percent.
• In Baltimore, 48.1 percent of homes decreased in value during the past year.

Weekly mortgage rates:

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

Yesterday’s market news:

NAR’s existing-home sales for August 2015:

• Existing-home sales in August fell by 4.8 percent from July.
• Sales have risen year over year and are 6.2 percent above a year ago.
• The median existing-home price for all housing types in August was $228,700.

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