We’ll add more market news briefs throughout the day. Check back to read the latest.
CoreLogic’s Home Price Index report for November 2015:
- Colorado, Hawaii, Nebraska, New York, Montana, Tennessee, Texas and Wyoming reached new price highs in November 2015.
- Home prices were up 6.3 percent year-over-year.
- CoreLogic forecasts that home prices will increase by 5.4 percent by November 2016.
Yardi Matrix’s December 2015 apartment trends report:
- Rents were up 6.4 percent year-over-year in December 2015.
- This is significantly higher than the 2.8 percent long-term average.
- Average rent nationwide remained at $1,165; this is $1 less than the peak in September and October 2015.
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”]
Yesterday’s most recent market news:
U.S. Census Bureau’s November 2015 construction spending report:
- Construction spending was at a seasonally adjusted rate of $1,122.5 billion.
- This is 0.4 percent below the revised October 2015 estimate.
- It’s also 10.5 percent above the November 2014 estimate.
Black Knight Financial Services’ October 2015 home price index:
- The home price index for October 2015 was $254,000.
- New York, Tennessee and Texas hit new peaks in October.
- Connecticut saw the most negative monthly movement.
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