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Real estate daily market update: January 26, 2018

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

Most recent market news

Thursday, January 25

U.S. Census Bureau and the U.S. Department of Housing and Urban Development Monthly New Residential Sales, December 2017

New Home Sales:

Sales Price:

For Sale Inventory and Months’ Supply

Freddie Mac Primary Mortgage Market Survey

Len Kiefer, deputy chief economist at Freddie Mac said, “The release of the December existing home sales data confirms that 2017 was the best year for home sales in over a decade. Will 2018 home sales outpace 2017?

“Homebuyer affordability will be a challenge, with mortgage rates moving higher and robust house price gains across the country. The FHFA reported that house prices increased 6.5 percent from November 2016 to November 2017, with all regions showing positive 12-month changes.”

Wednesday, January 24

Zillow Mortgage Rate Ticker

Current rates for 30-year fixed mortgages by state. Source: Zillow

“Mortgage rates have increased decisively in two of the past three weeks, touching their highest levels since March 2017 last week, and the long-term momentum is clearly upward,” said Aaron Terrazas, senior economist at Zillow.

“Some of the increase reported late last week may have been associated with the federal government shutdown over the weekend that extended into Monday, which has now been temporarily resolved. Friday’s Q4 GDP numbers are the most important economic data scheduled for release this week, but markets could also move if ongoing NAFTA negotiations turn sour.”

News from earlier this week

Wednesday, January 24

Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey

Tuesday, January 23

Black Knight’s First Look at December 2017 Mortgage Data: 90-Day Delinquencies Jump Again as Hurricane Fallout Continues

Monday, January 22

Bankrate Mortgage Rates

Source: Bankrate

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