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- 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.
- 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.
Home equity rates:
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Yesterday’s most recent market news:
- 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.
- The February preliminary Money Anxiety Index is 62.4.
- This is the same as January’s index.
- This indicates uncertainty and confusion among consumers about the economy.
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