Markets & Economy

Daily market update: November 21, 2016

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

First American October 2016 Potential Home Sales:

  • Potential existing-home sales increased to a 5.9 million seasonally adjusted, annualized rate (SAAR).
  • This represents a 97.4 percent increase from the market potential low point reached in December 2008.
  • In October, the market potential for existing-home sales grew by 6.7 percent compared with a year ago, an increase of 376,000 (SAAR) sales.

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Mortgage rates:

 

Home equity rates:

Most recent market news:

CoreLogic’s Market Pulse Report for November 2016:

  • The home price index year-over-year change was 6.3 percent.
  • The cash sales share in June 2016 was 29.3 percent.
  • The distressed sales share in June 2016 was 7.8 percent.

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