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Mortgage rate history:
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Black Knight’s first look at July mortgage data:
- The total U.S. loan delinquency rate (30 or more days past due but not in foreclosure) is 4.7 percent, down 2.2 percent from June and down approximately 16.5 percent from July 2014.
- Total U.S. presale inventory foreclosure rate is 1.4 percent, down approximately 3.8 percent from June and down 24.2 percent from July 2014.
- The total U.S. foreclosure starts in July 2015 numbered 75,400, down approximately 4.6 percent from June and down approximately 16.9 percent from July 2014.
We’ll add more market news briefs throughout the day. Check back to read the latest.
Yesterday’s market news:
NAR’s existing-home sales for July:
- Existing-home sales increased 2 percent month over month from June.
- Sales in July reached 5.79 million, the highest pace since February 2007. Sales have increased year over year for 10 consecutive months.
- The median existing-home price in July was $234,000.
ProTeck’s home value forecast:
- Bellingham, Mount Vernon and Olympia-Tumwater in Washington were among the top core-based statistical areas (CBSAs).
- Jacksonville, Florida, and Jacksonville, North Carolina, were among the bottom CBSAs.
- San Francisco home levels are at an all-time high; Detroit, often called a “hot” housing market, is still struggling to return to prerecession levels.
RealtyTrac’s U.S. Foreclosure Market Report:
- U.S. properties with foreclosure filings rose by 14 percent on a year-over-year basis in July.
- Foreclosure activity also increased by 7 percent on a month-over-month basis.
- Rapidly rising bank REOs are the reason cited for the uptick in overall foreclosure filing volume.
Send market reports to press@sandbox.inman.com.
