Markets & Economy

Real estate market recap, Oct. 5-9

The big news in real estate markets, recapped for your convenience

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Check Inman every day for the daily version of this market roundup. Weekly mortgage rates: Powered by Powered by Thursday, Oct. 8: RealtyTrac’s U.S. Zombie Foreclosure and Vacant Property Report: A “zombie foreclosure” happens when a homeowner moves out of the home after foreclosure proceedings have started, but then the foreclosure is held up in some way or canceled, leaving the title in the homeowner’s name. This phenomenon is on the decline. A RealtyTrac report shows that 20,050 properties were vacant zombie homes at the end of the third quarter. That’s a decrease of 27 percent since the second quarter, and 43 percent from the same quarter last year. Wednesday, Oct. 7: Mortgage Bankers Association's weekly applications survey: The Market Composite Index, which measures mortgage loan application volume, increased 25.5 percent week-over-week on a seasonally adjusted basis. (It increase...