September Market Update!

Please enjoy this real estate market update provided by Inman.com

  • Appraised values were 1.56 percent lower than homeowner estimates in August 2016.
  • Home values increased 1.73 percent month-over-month in August 2016.
  • Year-over-year, values increased 8.13 percent.
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CoreLogic National Foreclosure Report for July 2016:

  • Foreclosure inventory was down 3.9 percent in July 2016 from June 2016.
  • Completed foreclosures were down 34,000 in July 2016.
  • This is a 16.5 percent year-over-year decline and a 3.9 percent month-over-month decline.
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Mortgage rates:

 

Home equity rates:

Most recent market news:

Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for August 2016:

  • The MCAI decreased 0.4 percent month-over-month to 164.7 in August 2016.
  • The Conforming MCAI saw the greatest decrease: 0.9 percent.
  • The Government MCAI was down 0.5 percent, and the Conventional MCAI was down 0.2 percent.