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- Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000.
- This is up 16.6 percent month-over-month and up 23.8 percent year-over-year.
- The median sales price of new houses sold in April 2016 was $321,100; the average sales price was $379,800.
CoreLogic’s MarketPulse Report for May 2016:
- In March 2016, the ratio of flipped homes to all home sales was 4.4 percent.
- Completed foreclosures were down 14.9 percent year-over-year.
- Home prices were up 6.7 percent year-over-year.
Black Knight Financial Services’ “First Look” at April mortgage data:
- The total foreclosure pre-sale inventory rate is 1.17 percent, 5.87 percent lower than March 2016 and 27.76 percent lower than April 2015.
- The total foreclosure starts in April were 58,700, down 19.37 percent month-over-month and 16.62 percent year-over-year.
- The number of properties 30 or more days past due but not in foreclosure totaled 2,146,000, up 84,000 month-over-month but down 179,000 year-over-year.
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:
Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for April 2016:
- First-time homebuyers accounted for 38.9 percent of home purchases in April 2016, up from 38.1 percent in March 2016 and 37.2 percent in April 2015.
- Current homeowners accounted for 45.7 percent of home purchases in April, and investors had a 15.4 percent share.
- Move-in ready real estate owned properties received an average of 2.4 offers in April, and non-distressed properties received an average of 2.2 offers during the month.
Email market reports to press@inman.com.