Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

We’ll add more market news briefs throughout the day. Check back to read the latest.

Quicken Loans’ Home Price Perception Index for January 2016:

  • Appraised values were, on average, 1.75 percent lower than homeowner expectations.
  • The gap between appraisal and homeowner estimates narrowed for the fifth month in a row.
  • Home values fell 0.42 percent month-over-month in January, but were up 3.37 percent year-over-year.

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CoreLogic’s December 2015 Foreclosure Report:

  • Completed foreclosures were down 22.6 percent year-over-year in December 2015.
  • Foreclosure inventory was down 23.8 percent year-over-year.
  • 1.1 percent of all homes with a mortgage were part of the foreclosure inventory.

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Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

Fannie Mae’s January 2016 Home Purchase Sentiment Index (HPSI):

  • The HPSI decreased 1.7 points month-over-month.
  • This puts January’s HPSI at 81.5.
  • The share of consumers who reported their net income was significantly higher than one year ago fell 3 percentage points month-over-month.

 

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The February preliminary Money Anxiety Index:

  • The February preliminary Money Anxiety Index isĀ 62.4.
  • This is the same as January’s index.
  • ThisĀ indicates uncertainty and confusion among consumers about the economy.
A graph outlining the February preliminary Money Anxiety Index

February preliminary Money Anxiety Index

Email market reports to press@inman.com.