AgentBrokerage

Daily market update: Jan. 22, 2016

Mortgage rates plus all the latest daily real estate market news

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

National Association of Realtors’ December 2015 existing-home sales:

  • Total existing-home sales rose 14.7 percent month-over-month in December 2015 (on a seasonally adjusted basis).
  • The median existing-home price for all housing types in December was $224,100, up 7.6 percent year-over-year.
  • Total housing inventory was 1.79 million existing homes for sale, down 3.8 percent year-over-year.

December EHS Infographic

 

Mortgage rates:

 

Home equity rates:

 

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This week’s most recent market news:

Mortgage Bankers Association’s Builder Applications Survey for December 2015:

  • Mortgage applications for new home purchases were down 5 percent month-over-month in December 2015.
  • On a seasonally adjusted basis, new home mortgage applications were down by 8 percent month-over-month.
  • New home mortgage applications were up 17 percent year-over-year, however.

Email market reports to press@inman.com.