Mortgage Performance: Housing Credit Index Third Quarter 2017
Loans Originated in the Third Quarter Exhibit Higher Credit Risk Than a Year Earlier The CoreLogic Housing Credit Index (HCI) shows higher credit risk in Q3 2017 compared with Q3 2016, but it remained within the range exhibited during the early 2000s. The average credit score for all borrowers – purchase and refinance combined – […]
Property Valuation: Home Price Winners and Losers
A Deeper Look at the CoreLogic HPI Shows Some Losers Can Be Big Winners Since the U.S. began recovering from the home-price bust in 2006, economists have used the peak-to-current change in prices as a measure of recovery in markets. However, the peak-to-current change hyper-focuses on economic losses for those who bought at the peak. […]
Housing Trends: Health of the Housing Market as of Q3 2017
Sixteen Markets Signal High Risk, Ten in Florida Alone Home prices continued to rise in many markets in Q3 2017, reflecting rising buyer demand and a low for-sale inventory. Most markets are still healthy or have relatively low risk, according to the CoreLogic Market Health Indicator. However, 16 of the top 100 metro markets – […]
Mortgage Performance: Loan Performance Insights Report Highlights September 2017
Impact of Hurricanes Evident in September Delinquency Numbers Early-stage delinquencies increased from a year ago The current- to 30-day transition rate rose sharply from year ago Houston and Miami posted large increases in delinquencies in September following hurricanes Harvey, Irma and Maria In September 2017, 5 percent of home mortgages were in some stage of delinquency, […]
Housing Trends: Spotting and Stopping Identity Fraud in the Rental Property Market
A Challenging Problem that Demands a Technology-Driven Solution With the frequency of data breaches, media reports of stolen identities, and advice on protecting your personal information, it’s easy to forget that identity theft victims are just one of many who lose in identity-related crimes. Anyone who inadvertently accepts falsified identity information becomes a victim as […]
Videos: U.S. Economic Outlook December 2017
Peering into 2018: The Outlook for U.S. Housing Markets – Erosion of housing affordability likely to spread to more markets A central theme for the 2018 housing market will be the continuing erosion of housing affordability, an issue that will permeate a growing list of American neighborhoods. Today housing affordability is already a major concern […]
Housing Trends: Inventory Constraints Driving Up Home Prices
Low housing inventory driving up home prices We recently took a look at how low available inventory is contributing to rising home prices. As you can see from the following NAR chart, for sale inventory is at its lowest level since 2005 at approximately 4-months’ supply compared to a “normal” market of 6-months’ supply. We […]
Property Valuation: Borrower Equity Update Third Quarter 2017
Negative Equity Share Falls Below 5 Percent in Q3 2017 National share of homes with negative equity fell to 4.9 percent in Q3 2017. Homeowner equity increased 12 percent from a year ago. Nevada saw the largest improvement in the negative equity share over the past year, falling 5.4 percentage points. The amount of equity […]
Audio: Home Price Index Audio Clip October 2017
The CoreLogic HPI for October 2017 showed that national home prices appreciated 7 percent from a year ago, and the CoreLogic home price forecast shows an increase of 4.2 percent over the next year. Washington state, Utah and Nevada all posted double-digit gains. A deeper dive into the Utah numbers shows that the state saw […]
Property Valuation: Home Price Index Highlights October 2017
Lower-Priced Homes Appreciated Fastest in October National prices increased 7 percent year over year. Home prices forecast to rise 4.2 percent over the next year. Nevada, Utah, and Washington posted double-digit year-over-year price gains. National home prices increased 7 percent year over year in October 2017, and are forecast to increase 4.2 percent from October […]
