We’ll add more market news briefs throughout the day. Check back to read the latest.
- Cash sales comprised 30.8 percent of total home sales in July 2015, down from 34.2 percent in July 2014.
- Month-over-month, the share of cash sales fell by 0.5 percentage points.
- Prior to the housing crisis, the cash sales share of total home sales was about 25 percent; CoreLogic estimates if the share continues to fall, it should hit 25 percent by mid-2017.
- The mortgage delinquency rate was up 1.7 percent month-over-month in September 2015.
- Overall non-current inventory (with loans 30 or more days past due or in foreclosure) is 3.2 million.
- Foreclosure and 90-day delinquent inventories continue to improve despite rise in delinquency rate.
How to market a luxury ski property
Go beyond the expected to make your alpine listings stand out READ MORE
- Prices on non-distressed properties hit $296,700 in September 2015.
- Prices on non-distressed properties were up 8.6 percent year-over-year in September.
- The average sale-to-list price ratio for non-distressed properties was 97.8 percent in September, up from 97.5 percent in September 2014.
Home equity rates:
Yesterday’s most recent market news:
- The EHS-C rate decreased by 0.1 percent month-over-month in September 2015 and 3.6 percent year-over-year.
- The seasonally adjusted annualized rate of existing-home sales capacity is up 77.1 percent from February 2009, the lowest point recorded by First American.
- Existing-home sales spiked in July, dropped in August and rebounded in September.
- Total existing-home sales increased 4.7 percent month-over-month in September 2015.
- The median existing-home price increased 6.1 percent year-over-year.
- Total housing inventory decreased 2.6 percent month-over-month and 3.1 percent year-over-year.
- 30-year fixed-rate mortgages (FRMs) averaged 3.79 percent with an average 0.6 point for the week ending October 22, 2015; this is down from 3.82 percent the previous week and 3.92 percent the previous year.
- 15-year FRMs averaged 2.98 percent with an average 0.5 point, down from 3.03 percent the previous week and 3.08 percent the previous year.
- 5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.89 percent with an average 0.4 point, up from 2.88 percent the previous week and down from 2.91 percent the previous year.
- Prices for homes rose 0.3 percent month-over-month in August 2015.
- Home prices in August 2015 were up 5.5 percent year-over-year.
- The index is roughly the same as its December 2006 level.
- The number of seriously underwater homeowners dropped significantly in the third quarter of 2015 due to rising home sales volumes and prices.
- The number of equity rich homeowners went down, at the same time, as more homeowners leveraged their equity and refinanced, traded up or cashed out completely.
- Only one in three properties in foreclosure was seriously underwater, the lowest level since RealtyTrac began tracking in the Q1 2012 and down from a peak of 62 percent underwater in the second quarter of 2012.
- Foreclosure activity is at its lowest level since 2007, when the organization began collecting data.
- Foreclosure sales decreased 7 percent month-over-month in August 2015.
- Foreclosure sales decreased 23 percent year-over-year in August 2015.
- Landscape specialty firms have reported a quarterly activity decrease of 21 percent.
- General contractors, remodelers and design-build firms are in the shortest supply.
- Year-over-year gains continue across all industry groups, though.
Send market reports to email@example.com.