We’ll add more market news briefs throughout the day. Check back to read the latest.
- Sales of new single-family homes were at a seasonally adjusted annual rate of 592,000.
- That’s 3.5 percent higher than the May 2016 estimate (572,000) and 25.4 percent above the June 2015 estimate of 472,000.
- The median sales price of new homes sold in June 2016 was $306,700.
- June’s first-time foreclosure starts (those properties starting the foreclosure process for the first time) were at 69,300 — the lowest starts reported in 16 years.
- Total U.S. foreclosure sales are at 2.31 percent — a 13.54 percent month-over-month and a 20.65 percent year-over-year increase.
- The U.S. loan delinquency rate, which includes homes that are 30 or more days past due, but not in foreclosure, experienced a 1.33 percent month-over-month increase and a 10.03 percent year-over-year decrease from June 2015.
- May 2016 marks 49 consecutive months of positive home price gains.
- In May, the national home price index reported a 5 percent annual gain — growth that’s level with the yearly index gain recorded in April.
- Portland (12.5 percent) reported the highest year-over-year gains, followed by Seattle (10.7 percent) and Denver (9.5 percent).
Home equity rates:
Most recent market news:
The five superpowers of uber-successful real estate agents
Tom Ferry shares 5 skills to dominate your marketplace READ MORE
- Real house prices are 19 percent lower than they were in 2000.
- The RHPI was unchanged in May 2016 from April 2016.
- The RHPI increased 0.4 percent from May 2015 to May 2016.
- The home price index in May was $263,000, up 31.7 percent from market bottom and 1.8 percent below the June 2006 peak.
- Mountain states accounted for eight of 10 top-performing metro areas.
- All states and metros experienced positive price movement in May, and six large states and 15 large metros hit new price peaks.
Email market reports to firstname.lastname@example.org.