May 29, 2015
- According to the Commerce Department sales of new single-family houses in April 2015 were at a seasonally adjusted annual rate of 517,000 which is a 26% increase over last April and a 6.8% increase since March.
- The Federal Housing Finance Authority’s (FHFA) House Price Index for April 2015 shows a 1.3% increase nationwide.The top five states in annual appreciation: 1) Colorado – 11.2 percent 2) Nevada – 10.1 percent 3) Florida – 8.7 percent 4) Washington – 7.6 percent 5) California – 7.5 percent. Increases were greatest in Oakland-Hayward-Berkeley, CA (MSAD), where prices increased by 13.4 percent. Prices were weakest in the Greensboro-High Point, NC, where they fell 2.3 percent.
- The FHFA’s monthly interest rate survey finds that April’s average mortgage interest rate of 3.78% represents a decrease of 2 basis points since March.
- The Federal Reserve Bank of New York recently released its Survey of Consumer Expectations (SCE) – Housing Survey 2015 in which it reports a finding that, “households remain broadly optimistic about housing market” and that “most renters want to own.”