We’ll add more market news briefs throughout the day. Check back to read the latest.
Quicken Loans’ September 2015 Home Price Perception Index:
- Homeowner estimates of home values were 2 percent higher than appraiser opinions in September.
- However, September was the first month that the gap narrowed since February 2015.
- Nationally, home values are rising, with a 3.11 year-over-year gain.
CoreLogic’s August 2015 foreclosure report:
- Foreclosure inventory declined by 25.2 percent year-over-year, and completed foreclosures declined by 20.1 percent year-over-year.
- The number of foreclosures nationwide decreased from 46,000 in August 2014 to 36,000 in August 2015.
- The national foreclosure inventory included approximately 1.2 percent of all homes with a mortgage compared with 1.6 percent in August 2014.
Weekly mortgage rates:
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Last week’s most recent market news:
RealtyTrac’s U.S. Zombie Foreclosure and Vacant Property Report:
- A “zombie foreclosure” happens when a homeowner moves out of the home after foreclosure proceedings have started, but then the foreclosure is held up in some way or canceled, leaving the title in the homeowner’s name.
- This phenomenon is on the decline. A RealtyTrac report shows that 20,050 properties were vacant zombie homes at the end of the third quarter.
- That’s a decrease of 27 percent since the second quarter, and 43 percent from the same quarter last year.
Send market reports to press@inman.com.
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