Markets & Economy

Real estate market recap, October 3-7, 2016

The big news in real estate markets, recapped for your convenience

Check Inman every day for the daily version of this market roundup.

Mortgage rates:

Home equity rates:

Friday, October 7:

Bureau of Labor Statistics Employment Report for September 2016:

  • Nonfarm payroll employment increased by 156,000 jobs in September 2016.
  • The unemployment rate was 5.0 percent in September 2016, up slightly from 4.9 percent in August.
  • The professional and business services sector and health care sector saw employment gains in September.

screen-shot-2016-10-07-at-7-54-17-am

Fannie Mae’s Home Purchase Sentiment Index (HPSI) for September 2016:

  • The HPSI fell to 82.8 in September 2016.
  • This is a 2.2 percentage point decrease from August 2016.
  • In September 2015, the HPSI was 83.8.

screen-shot-2016-10-07-at-12-06-20-pm

6 ways empowered agents embrace disruption to drive success
Using technology to generate leads and win listings READ MORE

Thursday, October 6:

Freddie Mac’s Primary Mortgage Market Survey:

  • The 3o-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending October 6, 2016.
  • This rate is unchanged from last week’s.
  • A year ago at this time, the 30-year FRM averaged 3.76 percent.

    pmms_chart_lg

Wednesday, October 5:

CoreLogic Home Price Insights (HPI) Report for August 2016:

  • The CoreLogic HPI is up 1.1 percent.
  • Year-over-year, the HPI is up 6.2 percent.
  • CoreLogic forecasts that the HPI will be up 0.4 percent month-over-month in September 2016 and 5.3 percent year-over-year in August 2017.

screen-shot-2016-10-04-at-11-10-37-am

Tuesday, October 4:

ProTeck’s Home Value Forecast for August 2016:

  • In July, nearly 70 percent of the core-based statistical areas (CSBAs) tracked were listed as “normal” or above.
  • In August, that number rose to more than 76 percent.
  • Only 1.4 percent of CBSAs tracked came in at “weak” or “distressed” in August.

screen-shot-2016-09-27-at-9-10-58-am

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

  • There was a 5.1 percent annual gain in July.
  • This is higher than the June 2016 gain of 5.0 percent.
  • The 20-City Composite reported year-over-year gains of 5.0 percent, down from June’s 5.1 percent.

screen-shot-2016-09-27-at-6-20-23-am

Monday, October 3:

U.S. Census Bureau/U.S. Department of Commerce’s August 2016 construction data:

  • Construction spending during August 2016 was estimated at a seasonally adjusted annual rate of $1,142.2 billion.
  • This is 0.7 percent below the revised July estimate of $1,150.6 billion.
  • This is also 0.3 percent below the August 2015 estimate of $1,145.2 billion.

Black Knight Financial Services’ Mortgage Monitor for August 2016:

  • The national delinquency rate fell by just over 6 percent month-over-month in August 2016.
  • Delinquencies were at 4.24 percent in August 2016.
  • The inventory of loans in active foreclosure continued its 19-month consecutive downward trend.

screen-shot-2016-10-03-at-12-16-13-pm

Black Knight Financial Services July 2016 Home Price Index:

  • The HPI in July 2016 was $266,000.
  • This represents a 0.4 percent increase from last month.
  • One year ago, the HPI was 5.3 percent.

bkfs_hpi_jul2016_us_hi_res

Email market news to press@inman.com.