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Yardi Matrix October 2015 multifamily report:

  • U.S. multifamily rents stayed level at $1,166 in October.
  • This was the first survey in 2015 in which rent did not rise month-over-month.
  • The October year-over-year rate increased by 6.7 percent.

yardi-multifamily

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”]

Yesterday’s most recent market news:

NAR’s Pending Home Sales Index for September 2015:

  • NAR reported that the September index was the second-lowest reading in 2015.
  • The index declined 2.3 percent to 106.8 in September from 109.3 in August.
  • The index has still increased year-over-year for 13 months.

ProTeck Valuation Services’ Home Value Forecast (HVF) for October:

  • The HVF recorded that 29 core-based statistical areas (CSBAs) received their highest raw score possible.
  • All 29 CSBAs have less than four months of remaining inventory.
  • Of those 29 CSBAs, 21 are west of the Rockies.

Auction.com’s Q3 Investor Activity Report:

  • Flipping is the preferred investment strategy among investors for the fourth consecutive quarter.
  • Investor intent varies depending on the type of auction and investor profile.
  • Respondents making a one-time purchase preferred hold-to-rent strategies, while full-time investors favored flipping.

auction-investor-interest

Federal Housing Finance Agency’s mortgage interest rates for September 2015:

  • The national average contract mortgage rate for previously occupied homes was 3.93 percent in September, down from 3.99 percent in August.
  • The average interest rate on all mortgage loans was 3.95 percent, down from 3.99 percent in August.
  • The average loan amount was $307,700 in September, up from $303,300 in August.
MIRS Graph from October 2015 release

MIRS Graph from October 2015 release

RealtyTrac’s Q3 Home Flipping Report:

  • Home flipping declined to 5 percent of its total share of sales in Q3.
  • The average flipping return increased to 33.8 percent in Q3.
  • Completed flips in Q3 took an average of 175 days, almost six months.

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Send market reports to press@inman.com.

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