AgentBrokerage

Daily market update: Feb. 10, 2016

Mortgage rates plus all the latest daily real estate market news
Published on Feb 10, 2016

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

National Association of Realtors Q4 2016 Metro Home Prices:

  • The median existing single-family home price increased in 81 percent of measured markets.
  • 34 areas (19 percent) recorded lower median prices than a year ago.
  • An average of 89 percent of measured metro areas saw increasing home prices in 2015.

Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

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.

image002

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.

report_highlights_nfr_2015_12_dec

Email market reports to [email protected].

Comments