AgentBrokerage

Daily market update: May 23, 2016

Mortgage rates plus all the latest daily real estate market news

We’ll add more market news briefs throughout the day. Check back to read the latest.

Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for April 2016:

  • First-time homebuyers accounted for 38.9 percent of home purchases in April 2016, up from 38.1 percent in March 2016 and 37.2 percent in April 2015.
  • Current homeowners accounted for 45.7 percent of home purchases in April, and investors had a 15.4 percent share.
  • Move-in ready real estate owned properties received an average of 2.4 offers in April, and non-distressed properties received an average of 2.2 offers during the month.

Mortgage rates:

 

Home equity rates:

Last week’s most recent market news:

National Association of Realtors’ Existing Home Sales for April 2016:

  • Total existing-home sales were up 1.7 percent month-over-month and 6.0 percent year-over-year.
  • The median existing-home price for all housing types in April was $232,500, up 6.3 percent from April 2015 ($218,700).
  • Total housing inventory at the end of April increased 9.2 percent to 2.14 million existing homes available for sale, down 3.6 percent year-over-year (2.22 million).

April EHS Infographic

Email market reports to press@inman.com.

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