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Sales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000, 3.7 percent above the revised December rate of 535,000 and 5.5 percent above the January 2016 estimate of 526,000. The median sales price of new houses sold in January 2017 was $312,900. The average sales price was $360,900. The seasonally adjusted estimate of new houses for sale at the end of January was 265,000. This represents a supply of 5.7 months at the current sales rate.
Home equity rates: Average Home Equity Loan Bank Rates by State | Credio Average Home Equity Loan Credit Union Rates by State | Credio Most recent market news:
Freddie Mac’s Primary Mortgage Market Survey:
The 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending Feb. 23, 2017. This is up from last week when it averaged 4.15 percent. A year ago at this time, the 30-year FRM averaged 3.62 percent.
Federal Housing Finance Agency’s House Price Index for Q4 2016:
U.S. house prices rose 1.5 percent in Q4 2016 from Q3 2016. House prices rose 6.2 percent year-over-year in Q4 2016. FHFA’s seasonally adjusted monthly index for December was up 0.4 percent from November.Email market reports to [email protected]/* */.
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