Real estate market recap, June 22-26

Re/Max’s National Housing Report showed:

• Inventory of homes for sale increased by 0.4 percent in comparison to April 2015.
• The average days on the market for a home stood at 64 days.
• Inventory in the 53 metros surveyed are still 11.7 percent below the level of one year ago.

National Association of Realtors on international homebuyers:

• Canadian buyers acquired $11.2 billion of residential real estate spanning April 2014 to March 2015.
• This represents a $2.6 billion decrease in volume when compared to the previous 12-month period — where Canadian investors contributed $13.8 billion.
• Roughly 41 percent of purchases made were in Florida, with 16 percent in Arizona.

Auction.com’s “nowcast”:

• Existing-home sales for the month of June will fall between seasonally adjusted rates of 5.4 million and 5.74 million annual sales
• That’s an increase of 4.1 percent from May 2015, and an 11.2 percent increase from the same period last year
• Auction.com’s May Nowcast point estimate of 5.31 million beat the consensus estimate of 5.25 million

According to Zillow’s home value index:

• U.S. home values rose 3 percent year over year in May 2015 to $179,200
• This figure is nearly 9 percent below values seen at the peak of housing bubble

The latest FNC Residential Price Index showed:

• The median sales price of new homes sold last month was $282,800
• The average sales price was $337,000
• The seasonally adjusted estimate of new houses for sale at the end of May was $206,000

Freddie Mac’s recent Multi-Indicator Market Index:

• The national housing market received a recent rating of 78.7 percent
• That’s up 2.1 points from three months ago and 3.57 points annually

Black Knight Financial Inc.’s foreclosures and delinquencies report indicated:

• The rate of delinquencies, or loans that are 30 or more days past due but not in foreclosure, was 4.96 percent in May
• That’s up 4 percent from April’s rate
• In comparison to the same period last year, delinquencies are down 12 percent

The Joint Center for Housing Studies at Harvard reported:

• The national homeownership rate fell for the eighth straight year — and that trend is likely to continue, with the rate falling even further to 63.7 percent in the first quarter
• About 650,000 single-family homes were started last year
• Last year was the 10th year of consecutive growth for rental housing

RealtyTrac and Down Payment Resource’s joint study showed:

• Ninety percent — or 334 of 370 — of U.S. counties with a population of at least 100,000 are more affordable than historical averages
• Of the top affordable counties, seven of nine feature a median home price below $100,000

Email market updates to press@sandbox.inman.com.