Check Inman every day for the daily version of this market roundup.
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
Thursday, Dec. 3:
Zillow’s negative equity report for Q3 2015:
The negative equity rate fell 1 percent quarter-over-quarter and 3.5 percent year-over-year.
Las Vegas has had the highest negative equity rate in the country for the past four-and-a-half years; it was 22 percent in Q3 2015.
San Francisco and San Jose are the only large markets where less than 5 percent of homeowners are underwater.
Metro Name
Q3 2015 Effective Negative Equity Rate
Q3 2015 Negative Equity Rate
Q3 2014 Negative Equity Rate
United States
30.2%
13.4%
16.9%
New York-Northern New Jersey
24.3%
11.5%
13.6%
Los Angeles-Long Beach-Anaheim, CA
16.6%
7.1%
7.8%
Chicago, IL
37.8%
20.6%
25.3%
Dallas-Fort Worth, TX
18.4%
5.8%
9.3%
Philadelphia, PA
33.8%
15.5%
18.1%
Houston, TX
18.4%
6.2%
7.4%
Washington, DC
34.2%
15.7%
18.4%
Miami-Fort Lauderdale, FL
26.1%
14.7%
20.1%
Atlanta, GA
37.9%
18.6%
27.1%
Boston, MA
18.3%
7.1%
9.6%
San Francisco, CA
11.0%
4.7%
7.3%
Detroit, MI
29.8%
16.6%
22.0%
Riverside, CA
30.7%
14.3%
18.2%
Phoenix, AZ
35.4%
16.4%
21.7%
Seattle, WA
25.7%
10.2%
16.2%
Minneapolis-St Paul, MN
30.8%
11.7%
15.6%
San Diego, CA
21.6%
8.1%
10.1%
St. Louis, MO
37.6%
17.6%
22.7%
Tampa, FL
31.5%
15.7%
22.0%
Baltimore, MD
36.9%
16.9%
20.1%
Denver, CO
15.2%
5.5%
8.2%
Pittsburgh, PA
23.3%
9.8%
10.7%
Portland, OR
20.8%
6.2%
11.2%
Charlotte, NC
32.1%
11.0%
16.5%
Sacramento, CA
27.3%
11.6%
15.7%
San Antonio, TX
31.2%
10.7%
12.2%
Orlando, FL
32.6%
16.1%
21.9%
Cincinnati, OH
35.6%
14.5%
18.7%
Cleveland, OH
34.5%
16.8%
20.7%
Kansas City, MO
38.1%
16.6%
20.7%
Las Vegas, NV
41.3%
22.1%
27.8%
Columbus, OH
31.8%
12.9%
17.6%
Indianapolis, IN
37.2%
15.5%
17.9%
San Jose, CA
7.7%
3.0%
4.5%
Austin, TX
20.3%
6.8%
8.0%
Auction.com’s Residential Real Estate Nowcast for November 2015:
The existing home sales for November is slated to fall between seasonally adjusted annual rates of 5.19 and 5.54 million annual sales.
Sales will be up 8.4 percent year-over-year but relatively flat month-over-month.
Existing home sales have stalled, averaging 5.45 million annual sales pace.
Freddie Mac’s Primary Mortgage Market Survey:
The 30-year fixed-rate mortgage (FRM) averaged 3.93 percent with an average 0.6 point for the week ending December 3, 2015, down from 3.93 percent last week.
The 15-year FRM averaged 3.16 percent with an average 0.5 point, down from 3.18 percent last week.
The 5-year Treasury-indexed ARM averaged 2.99 percent this week with an average 0.5 point, down from 3.01 percent last week.
Wednesday, Dec. 2:
Mortgage Bankers Association’s Weekly Applications Survey:
The Market Composite Index decreased 0.2 percent week-over-week.
The Refinance Index decreased 6 percent week-over-week.
The average contract interest rate for 30-year fixed-rate mortgages decreased 0.02 percent to 4.12 percent week-over-week.
Owners.com’s August-September 2015 top growth markets:
Denver, Orlando, Miami and Washington showed double-digit increases.
Denver showed a median three-bedroom single-family home price increase of 11.9 percent.
The New York metropolitan area showed a 6.7 percent drop.
Tuesday, Dec. 1:
CoreLogic’s October 2015 Home Price Insights:
10 states reached new price highs in October 2015.
Home prices increased 1.0 percent month-over-month.
Home prices increased 6.8 percent year-over-year.
Monday, Nov. 30:
National Association of Realtors’ October Pending Home Sales index:
The index rose 0.2 percent to 107.7 month-over-month in October 2015.
The index was up 3.9 percent year-over-year.
It has now increased year-over-year for 14 consecutive months.
HOPE NOW’s Q2 foreclosure sales and starts data:
Foreclosure sales decreased 15 percent quarter-over-quarter.
Foreclosure starts decreased 9 percent quarter-over-quarter.
During Q3, there were 18 percent fewer loan modifications completed quarter-over-quarter.
Clear Capital’s November 2015 market report:
National home price appreciation rates fell 0.1 percent quarter-over-quarter, from 0.9 percent to 0.8 percent.
Growth in the West rose 0.2 percent quarter-over-quarter, outpacing the rest of the nation.
The Northeast also saw an increase in quarterly growth by 0.1 percent.
Black Knight Financial Services’ Home Price Index for September 2015:
The September 2015 Home Price Index was up 0.1 percent month-over-month.
The index was up 5.5 percent year-over-year.
The current home price index value was $253,000.
Money Anxiety Index for Q3 2015:
Consumer spending in Q3 2015 increased by 3.0 percent quarter-over-quarter.
The pace of bank savings in Q3 2015 is up 0.6 percent quarter-over-quarter.
The Money Anxiety Index decreased by 7.4 index points year-over-year.
Mortgage rates:
press@inman.com.
The post Real estate market recap, Nov. 30-Dec. 4, 2015 appeared first on WFG National Title.