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- Homeowner perceptions were 1 percent higher than appraiser opinions in November 2016.
- This marks the fifth consecutive month the gap between homeowner expectations and appraised values narrowed.
- The National Quicken Loans Home Value Index (HVI) shows appraised values moved higher by 0.42 percent in November.
- Mortgage applications for new home purchases increased 12 percent relative to November 2015.
- Compared to October 2016, applications decreased by 3 percent relative to the previous month.
- The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 588,000 units in November 2016.
- Foreclosure inventory was down 3.6 percent in October 2016 from September 2016.
- There were 30,000 completed foreclosures nationally, down from 40,000 in October 2015.
- This represents a 24.9-percent decline year-over-year.
Home equity rates:
Most recent market news:
- There were a total of 45,718 single family home and condo sale flips in the third quarter of 2016.
- This represents 5.1 percent of all single family and condo sales during the quarter.
- The 5.1 percent Q3 2016 home flipping rate was down from a 5.6 percent rate in the previous quarter and unchanged from Q3 2015.
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- The 30-year mortgage rate averaged 4.13 percent with an average 0.5 point for the week ending December 8, 2016.
- This is up from last week when it averaged 4.08 percent.
- A year ago at this time, the 30-year FRM averaged 3.95 percent.
- 384,000 residential properties regained equity in Q3 2016.
- 6.3 percent of mortgaged homes were in negative equity in Q3.
- The value of homes in negative equity was estimated to be $281.9 billion.
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