Daily market update: June 28, 2016

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

The Conference Board’s Consumer Confidence Index for June 2016:

  • The index for June stands at 98.0.
  • This is up from 92.4 in May.
  • The Present Situation Index increased from 113.2 to 118.3, while the Expectations Index rose from 78.5 to 84.5 in June.

S&P/Case-Shiller Home Price Indices for April 2016:

  • The National Home Price Index, covering all nine U.S. census divisions, reported a 5.0 percent year-over-year gain in April.
  • This is a slower rate than March’s 5.1 percent annual gain.
  • Before seasonal adjustment, the National Index posted a month-over-month gain of 1.0 percent in April.

SPCS-June-2016

Mortgage rates:

 

Home equity rates:

Most recent market news:

Campbell/Inside Mortgage Finance HousingPulse Tracking Survey:

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  • First-time homebuyers accounted for 40.8 percent of home purchases in May.
  • This is the highest level seen in more than five years.
  • Real estate owned properties and short sales accounted for a combined 18.0 percent share of home sales in May, down from a 20.3 percent share in May 2015.

Black Knight’s home price index for April 2016:

  • The U.S. home price index was at $260,000.
  • This is up 30.4 percent from the market’s bottom and is 2.9 percent lower than the June 2006 market peak.
  • Washington led all states with 1.9 percent appreciation month-over-month.

BKFS_HPI_Apr2016_US_hi_res

Email market reports to press@inman.com.