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Daily market update: April 26, 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.

S&P/Case-Shiller Home Price Index for February 2016:

  • The index rose 5.3 percent year-over-year in February 2016.
  • Before seasonal adjustment, the index rose 0.2 percent month-over-month in February.
  • The 10-City Composite increased 4.6 percent year-over-year in February.

Money Anxiety Index from March 2016:

  • The Money Anxiety Index increased by 1.3 index points to 64.0 in March 2016.
  • This indicates a higher level of financial stress and anxiety.
  • The increase was attributed to new home sales falling 1.5 percent in March, the third consecutive monthly drop.

 

money-anxiety-index

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

U.S. Department of Housing and Urban Development/U.S. Census Bureau’s March 2016 New Residential Sales:

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  • New single-family home sales were at a seasonally adjusted rate of 511,000.
  • This is 1.5 percent below the revised February 2016 rate, but 5.4 percent above the March 2015 estimate.
  • The median sales price was $288,000, and supply is at 5.8 months’ of inventory.

Black Knight February 2016 Home Price Index:

  • The home price index for February 2016 was $254,000.
  • This is up 27.5 percent from the market’s bottom.
  • However, it’s 5 percent lower than the June 2006 peak of $267,000.

BKFS_HPI_Feb2016_US_hi_res

Email market reports to press@inman.com.