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Daily market update: Jan. 22, 2016

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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.