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Daily market update: Jan. 19, 2016

Mortgage rates plus all the latest daily real estate market news

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

Real Trends December 2015 Housing Market Report:

  • In December 2015, housing sales increased 8.2 percent year-over-year.
  • This was the largest year-over-year increase since June 2015.
  • The West was the strongest region, with a 10.3 increase.

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Re/Max January 2016 National Housing Report:

  • December 2015 home sales were up 6.1 percent year-over-year.
  • The median sales price was up 5.3 percent year-over-year.
  • Average days on market was 67 days.

 

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FNC’s Residential Price Index for November 2015:

  • Home prices were “largely flat in November,” FNC reported.
  • Month-over-month, home prices registered a 0.0 percent change between October and November 2015.
  • Year-over-year, home prices rose 6.0 percent.

FNC-residential-price-November-2015

Mortgage rates:

 

Home equity rates:

 

Last week’s most recent market news:

FNC’s Residential Price Index:

  • The 100-MSA purchase index composite for November 2015 was 165.62, up .07 month-over-month.
  • The index was up 9.31 points year-over-year.
  • Los Angeles had the highest purchase price index: 243.13.

Email market reports to press@inman.com.