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- The U.S. HPI was $266,000 in September 2016.
- This is 0.1 percent higher than August 2016.
- It’s also 5.4 percent higher than September 2015.
- Real house prices increased 1.0 percent between August 2016 and September 2016.
- Compared to September 2016, real house prices decreased by 2.0 percent.
- Real house prices are 40.4 percent below their housing-boom peak in July 2006 and 19.9 percent below the level of prices in January 2000.
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- U.S. house prices rose 1.5 percent in the third quarter of 2016.
- House prices rose 6.1 percent from the third quarter of 2015 to the third quarter of 2016.
- FHFA’s seasonally adjusted monthly index for September was up 0.6 percent from August.
- Mortgage applications increased 5.5 percent from one week earlier for the week ending November 18, 2016.
- The refinance share of mortgage activity decreased to 58.2 percent of total applications from 61.9 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to its highest level since January 2016, 4.16 percent, from 3.95 percent.
- The 30-year fixed-rate mortgage averaged 4.03 percent with an average 0.5 point for the week ending November 23, 2016.
- This is up from last week when it averaged 3.94 percent.
- A year ago at this time, the 30-year FRM averaged 3.95 percent.
- Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000.
- This is 1.9 percent (±13.1%)* below the revised September rate of 574,000, but is 17.8 percent (±16.9%) above the October 2015 estimate of 478,000.
- The median sales price of new houses sold in October 2016 was $304,500; the average sales price was $354,900.
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