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- The foreclosure inventory in November 2016 was down 2.4 percentage points from October 2016.
- This indicates a 25.9 percent year-over-year decline.
- There were 26,000 foreclosures completed in November 2016.
- The national HPPI shows appraised values were 1.33 percent lower than homeowners estimated in December 2016.
- This indicates a widening of opinions between appraisers and homeowners.
- Home values fell 1.19 percent in December, but increased 3.85 percent year-over-year.
- The Housing Tides Index rose from 72.8 in December to 73.3 in January.
- The ratio of U.S. housing permits to changes in total employment improved for the year ending October 2016.
- However, at a ratio of 0.46 housing permits per new job created, housing production remains too low to meaningfully slow price increases or return to a balanced inventory level.
Home equity rates:
Most recent market news:
- The HPSI decreased again in December by 0.5 percentage points to 80.7.
- The HPSI is down 2.5 percentage points compared with the same time last year.
- The net share of Americans who say it is a good time to buy a house rose by 2 percentage points to 32 percent; the net percentage of those who say it is a good time to sell was unchanged from the prior month at 13 percent.
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