The coronavirus pandemic has remade what’s normal, and home buying is no exception. Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families
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Home prices nationwide increased 6.2 percent year-over-year in April 2016.
Prices increased 1.8 percent month-over-month.
The CoreLogic HPI Forecast indicates that home prices will increase by 5.3 percent on a year-over-year basis from April 2016 to April 2017, and 0.9 percent month-over-month.
The HPSI increased 1.6 points to 85.3 in May.
This is a new all-time survey high.
The net share of consumers who expect that home prices will go up over the next 12 months rose 5 percentage points, followed by a 3 percentage point increase in the net share of consumers who expect mortgage interest rates to go down over the next 12 months.
Mortgage rates:30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio
Home equity rates:Average Home Equity Loan Bank Rates by State | Credio Average Home Equity Loan Credit Union Rates by State | Credio
Yesterday’s most recent market news:
April’s national delinquency rate was up 3.77 percent from March.
The April delinquency rate was still more than 10 percent below the April 2015 level.
At 58,700, April’s foreclosure starts were the lowest monthly volume since April 2005.