Mortgage rates plus all the latest real estate market news.

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.



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:

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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.


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.


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.

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