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- Existing-home sales were at a seasonally adjusted annual rate (SAAR) of 5.47 million in January 2016.
- This is up 11.0 percent year over year.
- The median existing-home price for all home types was $213,800.
- The index rose 5.4 percent year-over-year in December.
- Portland led the way in price increases (11.4 percent), followed by San Francisco (10.3 percent) and Denver (10.2 percent).
- The national index rose 0.1 percent month-over-month.
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Yesterday’s most recent market news:
- Between September and January, the total average closing time (including delays) increased for six types of mortgage financing.
- The average closing time for purchase mortgages with a down payment of at least 20 percent backed by Fannie Mae or Freddie Mac increased 5 days from September to January.
- Most home purchases continue to close on time, but the scheduled closing time has increased.
- The total U.S. loan delinquency rate (30 or more days past due but not in foreclosure) was 5.09 percent, up 6.62 percent month-over-month but down 7.10 percent year-over-year.
- The total U.S. foreclosure pre-sale inventory rate was 1.30 percent, down 4.53 percent month-over-month and 25.69 percent year-over-year.
- Total foreclosure starts totaled 71,900, down 7.94 percent month-over-month and 22.94 percent year-over-year.
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