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Daily market update: Sept. 8, 2015

Our daily summary of market news, updated regularly with new tidbits

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CoreLogic's July 2015 National Foreclosure Report: Foreclosure inventory declined by 27.9 percent year-over-year in July 2015. Completed foreclosures declined by 24.4 percent year-over-year in July 2014. The number of foreclosures nationwide decreased year-over-year from 50,000 in July 2014 to 38,000 in July 2015. Black Knight Financial's July 2015 Mortgage Monitor Report: Total home equity in the US increased by almost $1 trillion to its highest level since 2007. Total net equity is $7.6 trillion, almost 2.5 times more than it was at the end of 2011. The average American homeowner with a mortgage has about $19,000 more equity in the home than a year ago. Quicken's national July Home Price Perception Index: In July 2015, appraiser opinions of home values were 2.33 percent lower than homeowner estimates. This is nearly double the gap between homeowner estimates and appraiser opinions that Quicken noted in May 2015. National housing values dropped b...