Here’s what happened this week in the real estate market.

Check Inman every day for the daily version of this market roundup.

Weekly mortgage rates:

Powered by MortgageCalculator.org

Powered by MortgageCalculator.org

Thursday, Oct. 8:

RealtyTrac’s U.S. Zombie Foreclosure and Vacant Property Report:

  • A “zombie foreclosure” happens when a homeowner moves out of the home after foreclosure proceedings have started, but then the foreclosure is held up in some way or canceled, leaving the title in the homeowner’s name.
  • This phenomenon is on the decline. A RealtyTrac report shows that 20,050 properties were vacant zombie homes at the end of the third quarter.
  • That’s a decrease of 27 percent since the second quarter, and 43 percent from the same quarter last year.

image002

Wednesday, Oct. 7:

Mortgage Bankers Association’s weekly applications survey:

  • The Market Composite Index, which measures mortgage loan application volume, increased 25.5 percent week-over-week on a seasonally adjusted basis. (It increased 26 percent on an unadjusted basis.)
  • The Refinance Index increased 24 percent week-over-week.
  • The seasonally adjusted Purchase Index increased 27 percent week-over-week.

Fannie Mae’s Home Purchase Sentiment Index:

  • The index increased to 3 points to 83.8 in September.
  • The share of respondents who said it is a good time to buy a house increased 1 percentage point to 64 percent.
  • The share of respondents who say it is a good time to sell increased 5 percentage points to 52 percent.

image004

 

Tuesday, Oct. 6:

The Mortgage Credit Availability Index (MCAI) for September 2015:

  • Mortgage credit availability increased in September.
  • The MCAI increased 0.3 percent month-over-month to 126.5. (It was benchmarked to 100 in March 2012.)
  • The Conventional MCAI was up 1.1 percent month-over-month, followed by the Conforming MCAI (up 0.8 percent).

Total MCAI

CoreLogic’s August 2015 Home Price Index:

  • Home prices increased 1.2 percent month-over-month in August 2015.
  • They increased 6.9 percent year-over-year.
  • CoreLogic’s forecast projects a 4.3 percent increase year-over-year in August 2016.

report_highlights_hpi_2015_08_aug_top_01

 

Monday, Oct. 5:

WalletHub’s most and least energy-efficient states:

  • New York, Vermont and Minnesota were the most energy-efficient states.
  • Texas, Louisiana and South Carolina were the least energy-efficient states.
  • WalletHub measured the consumption of home and car energy in 48 states; Alaska and Hawaii were excluded from this analysis.

Source: WalletHub

Livability’s 10 Best Cities for Singles:

  • Carrboro, North Carolina; Hoboken, New Jersey; West Hollywood, California were the top three cities for singles.
  • Oxford, Mississippi; San Marcos, Texas; Ypsilanti, Michigan; and Ames, Iowa were ranked 4 through 7.
  • Miami Beach, Florida; Athens, Georgia; and Moscow, Idaho took spots 8 through 10.

Black Knight Financial Services’ August Mortgage Monitor Report:

  • Cash-out refinances were up 68 percent year-over-year in August 2015.
  • The average borrower was tapping $67,000 in equity.
  • Though they’re at the highest volume since 2010, cash-out refinances were still almost 80 percent below 2005 peak levels.

black-knight-august-mortgages-2015

 

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

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