Markets & Economy

Real estate market recap, Feb. 15-19, 2016

The big news in real estate markets, recapped for your convenience

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Check Inman every day for the daily version of this market roundup.

Mortgage rates:

Home equity rates:

 

Thursday, Feb. 18:

 

Mortgage Bankers Association’s National Delinquency Survey:

  • The delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to a seasonally adjusted rate of 4.77 percent of all loans.
  • This is the lowest level since the third quarter of 2006.
  • Loans on which foreclosure actions were started comprised 0.36 percent of all loans, down two basis points quarter-over-quarter.

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Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.65 percent with an average 0.5 point for the week ending Feb. 18, 2016.
  • This is unchanged from last week.
  • One year ago, the 30-year FRM averaged 3.76 percent.

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Wednesday, Feb. 17:

U.S. Census Bureau/Department of Housing and Urban Development’s new residential construction activity for January 2015:

  • Privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,202,000.
  • This is a 0.2 percent decrease from December 2014’s revised rate.
  • However, it’s above the January 2015 estimate of 1,059,000.

Mortgage Banker’s Association’s weekly applications survey:

  • The market composite index increased 8.2 percent on a seasonally adjusted basis week-over-week.
  • The seasonally adjusted purchase index increased 2 percent week-over-week and up 30 percent year-over-year.
  • The refinance share of mortgage activity increased to 64.3 percent of total applications, up from 61.2 percent the previous week.

Tuesday, Feb. 16:

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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Monday, Feb. 15:

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.

press@inman.com.