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”]

Thursday, Nov. 5:

RealtyTrac’s Q3 Home Sales Report:

  • The average price gain for sold homes in the third quarter of 2015 was $40,658.
  • This is the highest average price gain since Q3 2007.
  • The average sale price of single-family homes and condos was up 0.2 percent from the previous quarter and up 2.4 percent year-over-year.

image006

Mortgage Bankers Association’s October 2015 Mortgage Credit Availability Index (MCAI):

  • The MCAI increased 1.5 percent to 128.4 in October 2015.
  • The Conforming MCAI saw the greatest loosening, up 2.7 percent month-over-month.
  • The Government MCAI was up 1.9 percent.

mortgage-credit-availability

Zillow’s mortgage application research:

  • The denial rate for 2014 conventional mortgage applications was 11.2 percent, down 1.2 percent from 12.4 percent in 2013.
  • For black applicants, the denial rate fell from 27.6 percent in 2013 to 23.5 percent in 2014 — a 4.1-percent drop.
  • For white applicants, the denial rate fell from 10.4 percent in 2013 to 9.4 percent in 2014 — a 1.0-percent drop.

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index decreased 0.8 percent week-over-week.
  • The Refinance Index decreased 1.0 percent week-over-week.
  • The seasonally adjusted Purchase Index decreased 1.0 percent week-over-week.

 

Tuesday, Nov. 3: First American’s Homeownership Progress Index:

  • The inaugural Homeownership Progress Index (HPRI) fell 1.6 percent in 2014 from an index value of 68 in 2013.
  • The index is currently 7 percent above the 1994 low point of homeownership.
  • Washington, D.C., homeownership levels have increased the most — 155.0 percent.

U.S. Census Bureau’s September 2015 Construction report:

  • Construction spending during September 2015 was estimated at $1,094.2 billion (seasonally adjusted rate).
  • This is 0.6 percent above the revised August 2015 estimate and 14.1 percent above the September 2014 estimate.
  • Spending on private construction was at $794.2 billion, 0.6 percent above the revised August estimate.

CoreLogic September 2015 Home Price Index report:

  • Home prices nationwide — including distressed sales — increased by 6.4 percent year-over-year in September 2015.
  • Home price increases have been stable for the last 15 months, ranging between a 4.8 percent and 6.5 percent year-over-year increase.
  • The number of overvalued top markets doubled from the first quarter to the second quarter.

core-logic-hpi-sept2015ApartmentList’s October 2015 rent report:

  • Nationwide, rent increased by 4.2 percent for a one-bedroom and 3.2 percent for a two-bedroom year-over-year- in October 2015.
  • Rent increased 0.1 percent month-over-month for both one-bedroom and two-bedroom units.
  • San Francisco, New York and Washington, D.C., were the three cities with the highest rent.

NationalGrowthOct2015-1024x588

 

Monday, Nov. 2:

Black Knight Financial Services’ September Mortgage Monitor:

  • Mortgage delinquencies rose 1.7 percent month-over-month in September 2015, which is normal.
  • Overall prepayment speed is down 23 percent over the past three months, falling from 1.39 to 1.07 percent of outstanding balances.
  • Completed foreclosure sales in Q3 were down 10 percent from Q2 2015 and at the lowest level since 2006.

black-knight-sept-2015-look

Email market updates to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×