Markets & Economy

Daily market update: December 13, 2016

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Quicken Loans National Home Price Perception Index (HPPI) for November 2016:

  • 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.
Quicken HPPI for November 2016

Quicken HPPI for November 2016

Mortgage Bankers Association’s New Home Purchase Mortgage Applications for November 2016:

  • 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.

CoreLogic’s National Foreclosure Report for October 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.

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Mortgage rates:

 

Home equity rates:

Most recent market news:

Attom Data Solutions’ Q3 2016 home flipping report:

  • 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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Freddie Mac’s Primary Mortgage Market Survey:

  • 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.
Freddie Mac's Primary Mortgage Market Survey: Dec. 8, 2016

Freddie Mac’s Primary Mortgage Market Survey: Dec. 8, 2016

CoreLogic’s Q3 2016 Home Equity Report:

  • 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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Email market reports to press@inman.com.