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Daily market update: Feb. 16, 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.

CoreLogic February 2016 Market Pulse Report:

  • Completed foreclosures were down 22.6 percent year-over-year in December 2015.
  • Home prices were up 6.3 percent year-over-year in December 2015.
  • 2015 was the worst year on record for wildfires, with more than 10 million acres burned.

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Real Trends Housing Market Report for January 2016:

  • Housing sales increased 9.2 percent year-over-year.
  • This is the strongest annual gain since June 2015.
  • On average, housing prices rose 2.5 percent year-over-year.

 

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February 2016 Re/Max National Housing Report:

  • January home sales were up 6.3 percent year-over-year.
  • The median sales price of all homes sold in January was $200,714.
  • This is a 6.7 percent annual increase over the median sales price in January 2014.

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Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

FNC Home Price Index for December 2015:

  • Home prices rose at a seasonally unadjusted rate of 0.4 percent month-over-month in December 2015.
  • It rose 6.2 percent year-over-year.
  • On a quarterly basis, home prices were up 0.2 percent in the fourth quarter.

Email market reports to press@inman.com.