We’ll add more market news briefs throughout the day. Check back to read the latest.
- Appraised values were, on average, 1.95 percent less than what homeowners estimated in April.
- In March, appraiser opinions were 2.17 percent lower than homeowner expectations.
- Home values decreased 0.66 percent from March to April but increased 3.79 percent year-over-year in April.
- Foreclosure inventory declined by 23.2 percent year-over-year in March 2016.
- Completed foreclosures declined by 14.9 percent year-over-year.
- The number of completed foreclosures nationwide decreased year over year from 42,000 in March 2015 to 36,000 in March 2016.
Home equity rates:
Yesterday’s most recent market news:
- The median existing single-family home price increased in 87 percent of measured markets, 154 out of 178 metropolitan statistical areas.
- 24 areas (13 percent) recorded lower median prices than one year before.
- There were more rising markets in Q1 2016 than in Q4 2015, when 81 percent of measured markets saw price gains.
- The HPSI increased 3.5 points to 83.7 in April.
- The net share of consumers who think now is a good time to sell a home rose 16 percentage points.
- However, the “good time to buy” component dipped to an all-time survey low, creating the narrowest gap on record between these two measures.
- The May preliminary Money Anxiety Index is at 64.0.
- This indicates no change over April.
- In the first quarter of this year, the index increased 1.2 points
Email market reports to firstname.lastname@example.org.