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Daily market update: March 8, 2016

Mortgage rates plus all the latest daily real estate market news

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

CoreLogic’s January 2016 National Foreclosure Report:

  • Foreclosures were down 21.7 percent year-over-year.
  • Foreclosures were down 16.2 percent month-over-month.
  • The rate of seriously delinquent homes was 3.2 percent, the lowest level since November 2007.

report_highlights_nfr_2016_01_jan

Quicken Loans Home Price Perception Index for January 2016:

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

P-HVI-HPPI-Graphs-20151201

Mortgage rates:

 

Agents can do more business with millennials by understanding their preferences and behaviors

Home equity rates:

Yesterday’s most recent market news:

Fannie Mae’s Home Purchase Sentiment Index (HPSI)¬†for February 2016:

  • The HPSI rose 1.2 percentage points in February to 82.7.
  • The share of respondents who say it is a good time to buy rose 4 percent to 35 percent.
  • The share of respondents who say it is a good time to sell fell 2 percent to 7 percent.

hpsi-030716

The preliminary March 2016 Money Anxiety Index:

  • The index is 62.8, the same as the final reading in February.
  • This indicates that consumer attitudes and anxiety about money is unchanged month-over-month.

Email market reports to press@inman.com.