Real Estate Daily Market Daily Market Update

Real Estate Daily Market Daily Market Update

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

CoreLogic Home Price Index for July 2016:

  • Home prices increased year-over-year by 6 percent in July 2016.

  • Month-over-month, prices increased by 1.1 percent.

  • The CoreLogic HPI Forecast predicts that home prices will increase by 5.4 percent year-over-year from July 2016 to July 2017.


Black Knight Financial Services’ Mortgage Monitor for July 2016:

  • There was $518 billion in first-lien mortgage originations in Q2.

  • Purchase originations increased 50 percent quarter-over-quarter.

  • Refinance originations increased 8 percent quarter-over-quarter.


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Mortgage rates:

30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio

15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio


Home equity rates:

Average Home Equity Loan Bank Rates by State | Credio

Average Home Equity Loan Credit Union Rates by State | Credio

Most recent market news:

U.S. Census Bureau’s July 2016 Construction Spending:

  • Total construction spending in July was estimated at a seasonally adjusted annual rate of $1.15 trillion.

  • Residential construction was at a seasonally adjusted rate of $445.5 billion in July.

  • This is 0.3 percent above the revised June estimate ($444.0 billion).

Zillow Housing Confidence Index for July 2016:

  • Less than 65 percent of homeowners surveyed said now is a good time to buy.

  • Just 38 percent of renters surveyed said now is a good time to buy a home.

  • Out of every 10 homeowners surveyed, seven said now is a good time to sell a home.


Freddie Mac’s Primary Mortgage Market Survey:

  • The rates for 30-year fixed-rate mortgages were an average 3.46 percent with an average 0.5 point for the week ending September 1, 2016.

  • Last week, the rate averaged 3.43 percent.

  • A year ago, the rate averaged 3.89 percent.

pmms_chart_lg (1)

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Phone: 956-587-1633
Dated: September 13th 2016
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About Marilyn: Always ahead of the highly competitive RGV real estate market, Marilyn Cortez is a Spanish speaking ...

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