Daily market update: April 26, 2016

Mortgage rates plus all the latest daily real estate market news

Inman

Apr 26, 2016

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

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

Yesterday’s most recent market news:

U.S. Department of Housing and Urban Development/U.S. Census Bureau’s March 2016 New Residential Sales:

• New single-family home sales were at a seasonally adjusted rate of 511,000.
• This is 1.5 percent below the revised February 2016 rate, but 5.4 percent above the March 2015 estimate.
• The median sales price was $288,000, and supply is at 5.8 months’ of inventory.

Black Knight February 2016 Home Price Index:

• The home price index for February 2016 was $254,000.
• This is up 27.5 percent from the market’s bottom.
• However, it’s 5 percent lower than the June 2006 peak of $267,000.

NEW LISTING! 

LIVE COMFORTABLEY WITH “OLD TAOS” CHARM!

Located in the downtown Taos historic district, this stunning, remodeled, old adobe home graces a ridge near the La Loma Plaza area. Originally built in 1880. In 1944 it became the home and gallery of Beatrice Mandelman and Louis Ribak,contemporary painters who formed the nucleus of a group of painters in Taos who would come to be known as the "Taos Moderns". The current owner completely resorted and remodeled the home in 2005 and 2006, keeping, and even enhancing, it's wonderful character and style, adding a sense of whimsy while making it modern, timeless and functional. This 3089 square foot home has 2 bedrooms and 3 baths PLUS 2 studio/office spaces making the floor plan versatile to your needs. There are 4 kiva fireplaces, and viga and latilla ceilings. The floors are rich, rare, reclaimed hardwood or flagstone or tile. Updated, modern kitchen (with Viking range/oven) and baths. Huge, great room for studio space or living room with high ceilings and dramatic fireplace. The second floor master suite has access to an enchanting covered porch, a Juliet balcony over-looking the back yard, a full bath and walk-in closet. Through the second bedroom and bath, find a hidden passage way to another large, open studio space. Additional features include: .447 acre lot. Natural plastered walls. Artistic nichos. Ample storage throughout. Front courtyard with gardens and trees. Fruit tree orchard with pear, white peach, cherry and apple trees. Walled and gated back yard with dramatic stonework. Custom gates. This home embodies the Taos of the past...but with all of the modern conveniences, this just may be your future!

MLS 98057 $795,000

Home prices improve while former homeowners continue to struggle

Home prices improve while former homeowners continue to struggle: In a recent article from BloombergView, writer Mark Whitehouse shares why people are still reeling in from the 2000's housing crisis. Do you agree with him?

Daily Market Update: 3.21.16

Daily market update: March 21, 2016

Mortgage rates plus all the latest daily real estate market news

Inman

Mar 21, 2016

Don't miss Global Connect, a star-studded real estate networking event 

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

National Association of Realtors February 2016 Existing Home Sales:

• Total existing-home sales dropped 7.1 percent month-over-month on a seasonally adjusted basis from January to February.
• Sales increased 2.2 percent year-over-year, however,
• The median existing-home price for all housing types in February was 210,800, up 4.4 percent year-over-year.

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

Last week’s most recent market news:

Re/Max March 2016 National Housing Report:

• Home sales rose 4.8 percent year-over-year.
• The median sales price rose 5.9 percent year-over-year.
• We currently have 4.0 months supply of inventory.

Freddie Mac’s Primary Mortgage Market Survey:

• The 30-year fixed-rate mortgage averaged 3.73 percent with an average 0.5 point for the week ending March 17, 2016.
• This is up from 3.68 percent last year.
• A year ago, the 30-year fixed rate mortgage averaged 3.78 percent.

CoreLogic’s March 2016 Market Pulse Report:

• The home price index is up 6.9 percent year-over-year.
• Home equity is up $6 trillion since the Great Recession.
• Completed foreclosures are down 16.2 percent year-over-year.

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NEW LISTING!

One Level Condo - Centrally Located

Easy living! One level condo right in town! 1019 sq ft, 2 bedroom 2 bath unit in a great, central location. Close to historic downtown and shopping! Central courtyard for the complex and a private walled and gated courtyard for this unit. Each unit also has a detached storage room. Great room concept. Kiva fireplace. High ceilings with beams. Open kitchen with rich wood cabinets and tile counter tops. Bedrooms and baths at each end of the house for privacy. Neutral tile floors. Clean as a whistle and ready for you to move right in!  MLS 97970 $210,000

NEW LISTING!

Affordable and SO Sweet! Vista Linda!

Perched on a lovely 1.28 acre lot, this simple and efficient house has all the warmth and ease you are looking for! 1495 sq ft, 3 bedrooms, 2 baths. Large welcoming entry (with huge coat and storage closet) that opens to a large great room. The dining area enjoys a picture window facing west for sunset views. The living area has double doors leading to a outdoor, wrap around portal with excellent Taos Mountain views! The spacious and open kitchen features tumbled tile counter tops, wood cabinets, stainless appliances and a spacious pantry. The finishes throughout the house are timeless like the gleaming wood floors, the tile in the kitchen and baths, and the high ceilings with plank wood and vigas. A newer wood stove in the living room adds beauty and warms things up in the winter, supplementing the radiant floor heat. Detached carport and storage shed. Fenced back yard and trees, including fruit trees! Irrigation system installed. MLS 97969  $299,900

Daily market update: Feb. 8, 2016

Fannie Mae’s January 2016 Home Purchase Sentiment Index (HPSI):

• The HPSI decreased 1.7 points month-over-month.
• This puts January’s HPSI at 81.5.
• The share of consumers who reported their net income was significantly higher than one year ago fell 3 percentage points month-over-month.

The February preliminary Money Anxiety Index:

• The February preliminary Money Anxiety Index is 62.4.
• This is the same as January’s index.
• This indicates uncertainty and confusion among consumers about the economy.

February preliminary Money Anxiety Index

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

Last week’s most recent market news:

Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:

• The MCAI decreased 0.4 percent month-over-month, to 123.8.
• This indicates that lending standards are tightening.
• The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).

Email market reports to press@inman.com.