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Daily market update: Jan. 5, 2016

01/05/2016

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We’ll add more market news briefs throughout the day. Check back to read the latest. CoreLogic’s Home Price Index report for November 2015: Colorado, Hawaii, Nebraska, New York, Montana, Tennessee, Texas and Wyoming reached new price highs in November 2015. Home prices were up 6.3 percent year-over-year. CoreLogic forecasts that home prices will increase by 5.4 percent by November 2016. Yardi Matrix’s December 2015 apartment trends report: Rents were up 6.4 percent year-over-year in December 2015. This is significantly higher than the 2.8 percent long-term average. Average rent nationwide remained at $1,165; this is $1 less than the peak in September and October 2015. Mortgage rates: [graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for …

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