See below for a few high-level takeaways from the RealtyTrac June and Midyear 2015 Home Sales Report, which will be published at 12:01 AM/EST on Thursday, July 23.
First-time home buyers and boomerang buyers are returning to the housing market.
- Through the first half of 2015, FHA loans (typically first time home buyers or boomerang buyers with low down payments) have accounted for 22 percent of all single family homes and condos purchased by borrowers using financing, up from 19 percent in 2014 and up from 20 percent in 2013 to the highest level since 2012.
- Single family home sales nationwide are on track for their highest year since 2006 based on data through April (most recent month with complete sales data from public record sources.
2015 is still a good time to sell
- Home sellers in the first six months of 2015 are selling for an average of 13 percent higher than what they purchased for, the highest average appreciation for sellers since 2007.
- The average sales price for single family homes and condos sold in June was 101 percent of the estimated full market value of those same properties at the time of sale — the first time this price-to-value ratio has tipped over 100 percent in favor of sellers since July 2013
The more detailed report will include full state and metro data — including cash sales, institutional investor sales and distressed sales.