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

Black Knight Financial’s “First Look” at August 2015 mortgage data:

  • The total loan delinquency rate in the U.S. was 4.85 percent, up 2.47 percent month-over-month but down 18.22 percent year-over-year.
  • The total foreclosure pre-sale inventory rate was 1.37 percent, down 2.17 percent month-over-month and 23.74 percent year-over-year.
  • The total foreclosure starts numbered 80,500, up 6.76 percent month-over-month but down 1.35 percent year-over-year.

 

black-knight-aug-2015

Inside Mortgage Finance’s Housing Pulse survey:

  • In August 2015, current homeowners accounted for 49.3 percent of purchases.
  • The first-time homebuyer share in August was 36.4 percent of purchases. The investor share was 14.4 percent.
  • The sales-to-list price ratio for non-distressed properties was 98.3 percent in August, a slight 0.2 percent decline from July.

 

 

Weekly mortgage rates:

Powered by MortgageCalculator.org

Powered by MortgageCalculator.org

Yesterday’s market news:

RealtyTrac’s August 2015 U.S. Home Sales Report:

  • Sales of single-family homes and condominiums in August hit an eight-year high nationally, and some cities are on pace to see their best sales numbers in a decade.
  • Out of 204 metro areas surveyed, 58 are on track to reach nine-year highs in home sales this year, and another 22 cities are poised to reach 10-year highs.
  • All-cash sales accounted for 24.5 percent of all single family home and condo sales in August, up from a seven-year low of 23.6 percent in July, but still down from 26.7 percent of all sales in August 2014.

image002

ProTeck’s Home Value Forecast:

  • San Francisco buyers have averaged 20+ percent down over the last 14 years (loan-to-value ratios 67 percent to 82 percent), while Detroit has averaged loan-to-value ratios between 86 percent and 101 percent.
  • Scottsdale, Arizona, average home prices are 20 percent below all-time highs.
  • At the height of the housing crisis in Apache Junction, Arizona, homes lost more than half their value.

Real-Estate-Market-Trends-September-2015-Top-Markets

The U.S. Census Bureau and Department of Housing and Urban Development’s August residential sales report:

  • New single-family homes in August were sold at a seasonally adjusted annual rate of 552,000.
  • This is 5.7 percent above the revised July rate and 21.6 percent above the August 2014 estimate.
  • The median sales price for new homes in August 2015 was $292,700, and the average sales price was $353,400.

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