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- The HPSI increased by 2 percentage points to 82.7 in January.
- The HPSI is up 1.2 percentage points from January 2016.
- The net share of Americans who say it is a good time to buy a house fell by 3 percentage points to 29 percent, matching the survey low from May and September 2016.
- The net percentage of those who say it is a good time to sell rose by 2 percentage points to 15 percent.
- Home prices rose by 0.8 percent month-over-month in December 2016.
- They rose by 7.2 percent year-over-year.
- CoreLogic forecasts a 0.1 percent month-over-month and 4.7 percent year-over-year change.
- Mortgage credit availability increased in 1.1 percent to 177.1 in January.
- Of the four component indices, the Jumbo MCAI saw the greatest increase in availability over the month (up 4.7 percent), followed by the Conventional MCAI (up 2.3 percent), and the Government MCAI (up 0.2 percent).
- The Conforming MCAI decreased over the month (down 0.1 percent).
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- The 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.5 point for the week ending Feb. 2, 2017.
- The rate is unchanged from last week.
- A year ago at this time, the 30-year FRM averaged 3.72 percent.
- 16.2 percent of single family home and condo sales in 2016 were distressed sales, which is down from 18.8 percent of all sales in 2015 to the lowest level since 2007, a nine-year low.
- Among 193 metropolitan statistical areas with a population of 200,000 or more and at least 100 distressed sales in 2016, those with the highest share of total distressed sales were Atlantic City, New Jersey (43.8 percent); Hagerstown-Martinsburg, Maryland-West Virginia (33.2 percent); Rockford, Illinois (29.2 percent); Montgomery, Alabama (29.2 percent); and Baltimore, Maryland (28.0 percent).
- Bank-owned (REO) sales accounted for 8.0 percent of all sales in 2016, down from 10.0 percent in 2015 to the lowest level since 2006 — a 10-year low.
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