Mortgage rates plus all the latest real estate market news.

We’ll add more market news briefs throughout the day. Check back to read the latest.

NAR’s October Existing Home Sales:

  • Total existing-home sales fell 3.4 percent month-over-month in October but are up 3.9 percent year-over-year.
  • The median existing-home price rose 5.8 percent month-over-month.
  • Total housing inventory decreased 4.5 percent year-over-year but is up 4.7 percent month-over-month.

 

October EHS Infographic

Freddie Mac’s November 2015 Insights & Outlook:

  • Freddie Mac expects home price appreciation to average 5.4 percent in 2015.
  • Households age 55-plus will grow by between 12.4 and 12.9 million in the decade spanning 2010-2020.
  • Households headed by those ages 54 and younger will shrink by between 0.4 and 1.7 million.

ProTeck’s Home Value Forecast:

  • The top ten core-based statistical areas (CBSAs) for home value were all out West: Bellingham, Washington, Boise City, Idaho and Modesto, California topped the list.
  • Four out of the 10 CBSAs — Bellingham, Portland, San Jose and Seattle — hit all-time highs.
  • Two out of the 10 CBSAs — Boise and Mount Vernon — are forecasted to hit new highs within a year.

Black Knight Financial Services’ “first look” at October 2015 mortgage performance statistics:

  • Total loan delinquency rate in the U.S. — loans 30 or more days past due, but not in foreclosure: 4.77 percent, down 1.93 percent month-over-month and down 11.91 percent year-over-year.
  • Total foreclosure pre-sale inventory rate in the U.S.: 1.43 percent, down 2.35 percent month-over-month and down 21.16 percent year-over-year.
  • Total foreclosure starts in the U.S.: 73,200, down 8.39 percent month-over-month and down 11.27 percent year-over-year.

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”]

Last week’s most recent market news:

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

  • The market capacity for existing-home sales decreased by 3.1 percent month-over-month and 7.3 percent year-over-year.
  • The seasonally adjusted, annualized rate (SAAR) of existing-home sales capacity is up 73.6 percent from the February 2009 low.
  • The underperformance gap is currently an estimated 209,000 homes (SAAR), much lower than the sales capacity gap of 1.7 million in February 2014.

LendingTree’s Q3 down payment report:

  • The average down payment percentage for conventional 30-year fixed-rate purchase mortgage offers rose to an average of 17.63 percent in the third quarter of 2015.
  • This is up from 17.34 percent quarter-over-quarter and 16.29 percent year-over-year.
  • The average down payment also rose to $48,924 in the third quarter, up from $44,204 in Q2.

Re/Max’s National Housing Report:

  • October 2015 home sales fell 7.7 percent month-over-month.
  • October 2015 sales were down 0.8 percent year-over-year.
  • The average days on market for sales closed in October 2015 was 62.

remax-oct-sales

Send market reports 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