AgentBrokerage

Daily market update: Dec. 23, 2015

Our daily summary of market news, updated regularly with new tidbits

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

We'll add more market news briefs throughout the day. Check back to read the latest. U.S. Census Bureau/Department of Housing and Urban Development's November 2015 new residential sales data: New single-family home sales were at a seasonally adjusted annual rate of 490,000. This is up 4.3 percent month-over-month and up 9.1 percent year-over-year. The median sales price of new homes sold in November 2015 was $305,000. Black Knight Financial Services' 'First Look' at November 2015 mortgage data: There were 66,600 foreclosure starts in November -- the lowest one-month total since April 2006. Foreclosure inventory is down 185,000 from one year ago. Prepayment rate, which is often a good indicator of refinance activity, is down 16 percent month-over-month. Mortgage Bankers Association's Weekly Applications Survey: Mortgage applications increased 7.3 percent week-over-week for the week ending Dec. 18, 2015. The Refinance Index increased 11 percent week-over-we...