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- 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.
- 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.
Home equity rates:
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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.
- 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.
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