Archive for 'General'

Housing Trends: Millennial Homebuyers Are Not All the Same

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Older Millennials Closer to Generation Xers than to Younger Millennials

Millennials, born from 1981 to 1997, accounted for 40 percent of homebuyer loan applications during January to September of this year.[1] However, there are notable differences between the younger millennial homebuyers (born 1990 to 1997) and older millennial homebuyers (born 1981 to 1989).  Often, younger millennials have less credit history (and sometimes no credit history), limited or no savings, and lower levels of income because they are just beginning ...

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Property Valuation: HPI Forecasting How Were Keeping Score

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New twice a year public report back tests accuracy

Recently, industry blogger Rob Chrisman tallied up the number of home price indices (HPIs) that are published each month and said, by his count, there are now at least 14. “As the years have gone by, I am overwhelmed with them,” he wrote. “How are we to think about them all since, there are so many?” Interestingly, my team at CoreLogic had been grappling with the similar question: How could we demonstrate ...

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Mortgage Performance: Loan Performance Insights Report Highlights August 2017

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Foreclosure Inventory Rate Fell Back to Pre-Crisis Level in August 2017

  • The current- to 30-day transition rate held steady in August 2017 from a year earlier
  • North Dakota had the lowest delinquency rate of any state
  • San Francisco had the lowest delinquency rate of the largest metro areas

In August 2017, 4.6 percent of home mortgages were in some stage of delinquency, down from 5.2 percent a year earlier and the lowest for any August since 2006, when it was 4.4 percent, according ...

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Property Valuation: Home Price Index Highlights September 2017

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U.S. Home Prices Increase 7 Percent

  • The lowest price tier increased 9.6 percent year over year.
  • Home prices forecast to rise 4.7 percent over the next year.
  • Utah and Washington continued to post double-digit year-over-year gains.

National home prices increased 7 percent year over year in September 2017, and are forecast to increase 4.7 percent from September 2017 to September 2018. Further, an analysis of the market by price tiers indicates that lower-priced homes experienced significantly higher gains, according to the latest Continue Reading →

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Audio: Home Price Index Audio Clip September 2017

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The CoreLogic HPI for September 2017 showed that national home prices appreciated 7 percent from a year ago, and the CoreLogic home price forecast shows an increase of 4.7 percent over the next year. Washington state led the nation in home price gains, growing by 12.5 percent from a year ago. A look down to the metro level reveals that Seattle had the highest appreciation of the largest 100 metro areas, growing by 14 percent year over year. Long-term price ...

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Housing Trends: Homebuyers Typical Mortgage Payment Up 10 Percent Year Over Year

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Forecasts Suggest the Payment Could Rise 11 Percent Over the Next Year

While home prices have risen about 6 percent over the past year, the mortgage payments that recent homebuyers have committed to have risen closer to 10 percent because of the increase in mortgage rates over the past year.

One way to measure the impact of inflation, mortgage rates and home prices on affordability over time is to use something we call the “typical mortgage payment.” It’s a mortgage-rate-adjusted monthly payment ...

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Videos: U.S. Economic Outlook November 2017

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Home Equity Wealth at New High

The latest flow-of-funds data from the Federal Reserve confirmed that home-equity wealth reached a new nominal high this year: $13.9 trillion at mid-2017, $0.5 trillion above the 2006 peak and more than double the $6.0 trillion amount at the trough of the Great Recession.[1]  While several factors will affect aggregate home equity, it’s clear that much of the recovery in home-equity wealth is due to the rebound in home values: The CoreLogic Home ...

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Housing Trends: US Single-Family Rents Up 3 Percent Year Over Year in August

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San Diego had the highest year-over-year rent growth in August

  • National rent growth decelerated in August 2017 compared with August 2016
  • Low-end rent growth was almost double high-end rent growth
  • Overall Index Pulled Down By High-End Segment

Single-family rents climbed steadily between 2010 and 2016, as measured by the CoreLogic Single-Family Rental Index (SFRI). However, the index shows year-over-year rent growth has decelerated slowly (Figure 1) since it peaked early last year. In August 2017, single-family rents increased 3 percent year over year, a ...

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Mortgage Performance: Comparing Performance of Adjustable-Rate Mortgages and Fixed-Rate Mortgages

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Mortgage Performance: Comparing Performance of Adjustable-Rate Mortgages and Fixed-Rate Mortgages

Today’s ARMs Have Lowest Delinquency Rate

In a previous blog, Is the Adjustable-Rate Mortgage Making a Come Back, we learned that adjustable-rate mortgages (ARMs) originated currently have lower credit risk characteristics than ARMs of a decade earlier, and have lower risk attributes than today’s fixed-rate mortgages (FRMs). As an extension to that, this blog explores and discusses trends in the default experience over time for ARMs and FRMs.

The CoreLogic Loan Performance Insights Report analyzes mortgage performance for ...

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Housing Policy: Projecting the Path Forward

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CoreLogic and Office of the Chief Economist Continue to Offer Insight

Led by Executive and Chief Economist Dr. Frank Nothaft, the Office of the Chief Economist (OCE) at CoreLogic frequently delivers analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets, through keynote speeches at sponsored events and moderated panels, as well as in blog posts and reports. 

Since so many of us spend our summer months on vacation or otherwise out of the office, I thought it ...

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