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- 2.6 percent of all mortgages were in serious delinquency (90+ days past due and in foreclosure) in December 2016.
- This represents about 1 million homes.
- The peak serious delinquency involved 3.7 million homes in 2010.
- Mortgage applications for new home purchases increased 2.2 percent compared to February 2016.
- Compared to January 2017, applications increased by 16 percent relative to the previous month.
- Confidence for transaction volume growth over the next 12 months increased 0.4 percent from Q4 2016 and increased 0.63 percent compared with a year ago.
- Confidence for growth in purchase transaction volume over the next 12 months increased 6.5 percent from last quarter and 3.7 percent compared with a year ago.
- Prices across all property types are expected to grow by 2.5 percent over the next 12 months, which is up from last quarter’s expectation of a 1.7 percent increase.
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- According to the HPPI, appraised values were 1.69 percent less than what homeowners estimated in February.
- In January, appraiser opinions were 1.47 percent lower than homeowner expectations.
- Home values rose 0.55 percent from January to February, according to the National HVI, and increased 2.95 percent compared to the previous February.
- 61 percent of current homeowners are satisfied with the state of the U.S. economy today, a 13 percent increase from the last wave of the survey (fielded shortly before the December interest rate announcement).
- 84 percent of current homeowners and 81 percent of prospective homeowners agree that increasing interest rates are a challenge facing the real estate market today, a 7 percent and 3 percent increase from the last wave of the survey, respectively.
- If mortgage rates were to go up, 39 percent of current homeowners and 65 percent of prospective homeowners say they are more likely to feel anxious, rather than indifferent about such a hike.
Home equity rates:
Most recent market news:
- The 30-year fixed-rate mortgage (FRM) averaged 4.21 percent with an average 0.5 point for the week ending March 9, 2017.
- This is up from last week when it averaged 4.10 percent.
- A year ago at this time, the 30-year FRM averaged 3.68 percent.
- The MCAI increased 0.4 percent to 177.8 in February.
- Of the four component indices, the Government MCAI saw the greatest increase in availability over the month (up 2.3 percent), followed by the Conforming MCAI (up 0.1 percent).
- The Conventional MCAI decreased 2.2 percent while the Jumbo MCAI decreased 4.4 percent.
- 62,000 homes regained equity in Q4 2016.
- 15 percent of properties with a mortgage are considered “under-equitied” — with less than 20 percent equity.
- 6.2 percent of mortgaged homes have negative equity.
- 193,009 single family homes and condos were flipped in 2016, up 3.1 percent from 2015.
- This is the highest level since 2006, when 276,067 single family homes and condos were flipped.
- Home flips in 2016 accounted for 5.7 percent of all single family home and condos sales during the year, up from 5.5 percent in 2015.
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