Here’s what happened this week in the real estate market.

Check Inman every day for the daily version of this market roundup.

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Friday, Oct. 23:

CoreLogic’s July 2015 cash sale shares:

  • 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.

boesel_cash_fig2_large

Black Knight Financial Services’ “first look” at September 2015 mortgage data:

  • 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.

BKFS_First_Look_Sep2015_Chart01

Campbell/Inside Mortgage Finance HousingPulse Tracking Survey:

  • 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.

Thursday, Oct. 22:

First American’s Existing-Home Sales Capacity (EHS-C) for September 2015:

  • 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.

capacity-home-sales-moderating-10222015

The National Association of Realtors’ existing-home sales report for September 2015:

  • 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.
September EHS Infographic

NAR’s September existing-home sales infographic.

Freddie Mac’s Primary Mortgage Market Survey:

  • 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.

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Federal Housing Finance Agency’s August 2015 House Price Index:

  • 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.

fhfa-monthly-price-index-sept2015

Realtytrac U.S. Home Equity & Underwater report for Q3:

  • 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.

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HOPE NOW’s August 2015 foreclosure sales report:

  • 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.

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The Houzz third-quarter renovation index:

  • 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.

houzz-renovation-index

Wednesday, Oct. 21:

Mortgage Banker’s Association’s Weekly Applications Survey:

  • The Market Composite Index increased 11.8 percent week-over-week on a seasonally adjusted basis.
  • The Refinance Index increased 9 percent week-over-week.
  • The seasonally adjusted Purchase Index increased 16 percent week-over-week.

Weiss Residential Research’s August 2015 appreciation/depreciation report:

  • The national percentage of depreciating homes rose from 23.40 percent in July 2015 to 27.0 percent in August.
  • The national percentage of appreciating homes rose slightly from 56.8 percent in July 2015 to 59.3 percent in August.
  • Flint, Michigan, was a top market by appreciation percentage; Hickory-Lenoir-Morganton, North Carolina, was a top market by depreciation percentage.

august-appreciation-depreciation

Ellie Mae’s September 2015 loan origination insights report:

  • Average credit scores for closed loans fell to an average FICO score of 723, the lowest since Ellie Mae began reporting data in August 2011.
  • Refinance activity represented 42 percent of overall loan volume.
  • Credit availability on refinances appears to have increased in the third quarter of 2015.

Tuesday, Oct. 20:

Mortgage Bankers Association’s 2016 forecast:

  • The Mortgage Bankers Association (MBA) expects $905 billion in purchase mortgage originations during 2016.
  • MBA also predicts that refinance originations will comprise $415 billion in 2016, a decrease of one-third.
  • Mortgage originations will decrease to $1.32 trillion in 2016 compared with $1.45 trillion in 2015.

mba-projections-2015

The U.S. Census Bureau and U.S. Department of Housing and Urban Development’s September 2015 new residential construction report:

  • Privately-owned housing units authorized by building permits in September 2015 were 5.0 percent below the revised August 2015 rate but 4.7 percent above September 2014.
  • Privately-owned housing starts were 6.5 percent above the revised August 2015 estimate and 17.5 percent above the September 2014 rate.
  • Single-family housing starts in September 2015 were up 0.3 percent month-over-month.

Auction.com’s list of the hottest single-family residential markets this fall:

  • Seattle was listed as the hottest market because of the city’s tech sector, which is seen as driving employment.
  • Fort Lauderdale was next, attributed to growth in employment and a recovering housing market.
  • Orlando was third, with a thriving leisure and hospitality industry.

auctiondotcom-top5-fall2015

Monday, Oct. 19:

 

BuildZoom and Urban Economic Lab Index:

  • Existing-home remodeling declined 3.2 percent last quarter but is 2.8 percent above its 2005 level.
  • New-home construction increased 18.67 percent last quarter. It is still 57 percent below its 2005 level.
  • Remodeling is up almost 300 percent in Las Vegas.

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Email market updates to press@inman.com.

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