Daily market update: Aug. 26, 2015

Freddie Mac’s Multi-Indicator Market Index (MiMi):

• The national MiMi shows an improvement of 1.3 percent from May to June and a three-month improvement of approximately 2.3 percent.
• Year over year, the national MiMi value has improved by 5.4 percent.
• It is still off from its high of 121.7 at the current index of 80.3.

The top markets for real estate agents, according to SmartAsset:

• Smaller markets account for the majority of top markets for real estate agents
• One of the last recovery markets, Las Vegas appears to be on the rebound.
• Only five primary markets — Denver, Las Vegas, Nashville, Sacramento and Charlotte — were in the top 20.

Trulia’s fastest-moving markets report:

• Competition in hot markets may be slowing down, according to a recent Trulia research report.
• Nationally, 63 percent of homes listed for sale on June 17 were still on the market on Aug. 17, which is up a bit from 61 percent for the same period last year.
• California continues to reign as the state with the fastest-moving markets.

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

Yesterday’s market news:

S&P/Case-Shiller U.S. National Home Price Index:

• The index climbed 4.5 percent year over year in June 2015.
• Denver (10.2 percent), San Francisco (9.5 percent) and Dallas (8.2 percent) reported the highest year-over-year gains.
• The national index jumped 1 percent month over month in June 2015.

WalletHub’s healthiest housing markets:

• Austin, Texas, is the healthiest large housing market in the U.S., followed by Seattle, Washington, and Denver, Colorado.
• Cleveland, Ohio, is the least-healthy large housing market, followed by Detroit, Michigan, and Milwaukee, Wisconsin.
• Berkeley, Sunnyvale and San Mateo, California, were the markets with the lowest percentage of homes in negative equity.

Federal Housing Finance Agency’s House Price Index:

• U.S. house prices rose 1.2 percent in the second quarter of 2015.
• This signifies the 16th consecutive quarterly price rise.
• The seasonally adjusted monthly index for June was up 0.2 percent from May, and house prices rose 5.4 percent year over year.

Zillow’s July real estate market report:

• Home values rose 3 percent year over year in July, down from 3.4 percent year-over-year growth in June.
• Denver, Dallas, San Jose and San Francisco are still experiencing double-digit home value increases.
• Rent continues to rise, up 4.2 percent year over year from July 2014.

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