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Daily market update: Oct. 15, 2015

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

We'll add more market news briefs throughout the day. Check back to read the latest. Re/Max's October 2015 housing report: September 2015 home sales were 8.6 percent lower than in August 2015 but 6.8 percent higher than September 2014. The median sales price for homes sold in September 2015 was $209,000. The months supply of inventory in September 2015 was 4.5; it was 4.9 in September 2014. CoreLogic's Mortgage Fraud Trends Report: There was an 8.9 percent year-over-year decrease in fraud risk as of the second quarter (Q2) of 2015. For the year ending in Q2 2015, the estimated value of applications with fraud or serious representations was $17.3 billion. During Q2 2015, about 0.67 percent of all mortgage applications contained indications of fraud. RealtyTrac Foreclosure Market Report for Q3 and September 2015: A rise in the volume of bank repossessions is a major contributor to the overall increase in foreclosure filings. Metros that saw year-ove...