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

U.S. Census Bureau/U.S. Department of Housing & Urban Development’s New Residential Sales for July 2016:

  • Sales of new single-family houses in July 2016 were at a seasonally adjusted annual rate of 654,000.
  • This is 12.4 percent above the revised June rate (582,000).
  • It’s also 31.3 percent above the July 2016 estimate (498,000).

Berkshire Hathaway HomeServices’ Homeowner Sentiment Survey:

  • The percentage of existing homeowners who view the U.S. real estate market favorably jumped to 66 percent.
  • Millennials are the most optimistic, with 76 percent of millennial respondents viewing housing favorably.
  • The biggest challenge for Gen-Xers who are searching for a home is saving money for the purchase, according to the survey.

CoreLogic’s MarketPulse for August 2016:

  • Completed foreclosures were down 4.9 percent year-over-year.
  • Home prices were up 5.7 percent year-over-year.
  • The company estimates that dollar volume for mortgage origination increased 30 percent from 2014 to 2015.

report_highlights_mktpulse_1608_01

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Most recent market news:

Black Knight Financial Services’ ‘First Look’ at July 2016 mortgage data:

  • The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.51 percent in July 2016.
  • This is 4.78 percent higher than June 2016.
  • However, it’s 3.38 percent lower than July 2015.

BKFS_First_Look_Jul2016_Chart01

 

First American Financial Corporation’s Potential Home Sales Model for July 2016:

  • According to First American’s model, the market for existing-home sales is underperforming its potential by 1.3 percent or an estimated 92,000 seasonally adjusted, annualized rate (SAAR) of sales.
  • This is an improvement over last month’s revised under-performance gap of 1.8 percent, or 104,000 (SAAR) sales.
  • This month, potential existing-home sales increased to 5.71 million (SAAR).

082216_PHS

Email market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top