Markets & Economy

Daily market update: October 31, 2016

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Black Knight Home Price Index (HPI) for August 2016:

  • The current Black Knight HPI value is $266,000.
  • This is up 0.3 percent month-over-month.
  • It’s also up 5.3 percent year-over-year.

bkfs_hpi_aug2016_us_hi_res

First American Financial Corporation’s September 2016 Loan Application Default Index:

  • The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased 1.4 percent in September 2016 compared with August 2016.
  • Compared to September 2015, the Defect Index decreased by 14.8 percent.
  • The Defect Index is down 32.3 percent from the high point of risk in October 2013.

 

Mortgage rates:

 

Home equity rates:

Most recent market news:

CoreLogic October 2016 Market Pulse:

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  • The Home Price Index year-over-year change for August 2016 was a 6.0 percent increase.
  • The share of homes with negative equity in Q2 2016 was 7.1 percent.
  • The cash sales share (as of June 2016) was 29.3 percent.

report_highlights_mktpulse_1610_01_top_01

Email market reports to press@inman.com.