Markets & Economy

Daily market update: January 30, 2017

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We’ll add more market news briefs throughout the day. Check back to read the latest.

Black Knight Financial Services Home Price Index for November 2016:

  • After rising 5.7 percent from the start of 2016, U.S. home prices are now within just 0.3 percent of a new national peak.
  • For the fifth straight month, New York led all states in monthly home price appreciation, seeing 1.1 percent growth from October 2016.
  • Home prices hit new peaks in six of the nation’s 20 largest states and eight of the 40 largest metros.

First American Real House Price Index for November 2016:

  • Real house prices increased 4.4 percent between October 2016 and November 2016
  • Compared to November 2015, real house prices increased by 1.7 percent.
  • Real house prices are 37.1 percent below their housing-boom peak in July 2006 and 15.5 percent below the level of prices in January 2000.

National Association of Realtors Pending Home Sales for December 2016:

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  • The Pending Home Sales Index (PHSI) increased 1.6 percent to 109.0 in December from 107.3 in November.
  • The index is now 0.3 percent above last December (108.7).
  • Existing-home sales are forecast to be around 5.54 million this year, an increase of 1.7 percent from 2016, which was the best year of sales since 2006.

Mortgage rates:

 

Home equity rates:

Most recent market news:

CoreLogic’s Market Pulse Report for January 2017:

  • The home price index was up 6.7 percent year-over-year in November 2016.
  • The cash sales share was 31.8 percent as of October 2016.
  • The distressed sales share was 7.7 percent as of October 2016.

Email market reports to press@inman.com.