Housing Trends: U.S. Single-Family Rents Up 2.9 Percent Year Over Year in September
Riverside-San Bernardino-Ontario Experienced the Highest Year-Over-Year Rent Growth in September Overall Index pulled down by high-end segment Rent prices may be showing some early impacts of Hurricane Harvey Of 20 select metros analyzed, San Francisco and Miami were the only two to experience a decrease in single-family rent prices in September National single-family rent prices […]
Housing Trends: How Much Is Your Homes Collateral Value
Traditional Appraisal and Automated Valuation Models Don’t Always See Eye to Eye Recently the two government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced plans to waive the requirement of a professional appraisal on qualified purchase loans with a loan-to-value ratio at or below 80 percent.[1] For Fannie Mae, the new waiver option extends the […]
Housing Trends: Credit Characteristics of Renters
Patterns In Risk Factors This blog was co-authored by John Wang. Mortgage lenders have known for a long time that debt-to-income (DTI) and credit history (based on credit bureau data), among other factors, are critical for sound underwriting and managing credit risk on a mortgage portfolio. Similar analysis can be used to evaluate a prospective […]
Housing Trends: Housing Finance, Affordability and Supply in the Digital Age
CoreLogic Partners with the Urban Institute for 5th Annual Symposium On November 1, CoreLogic collaborated with the Urban Institute to present our fifth annual housing symposium, titled Housing Finance, Affordability and Supply in the Digital Age, and hosted at the Center for Strategic and International Studies in Washington, D.C. This daylong symposium explored housing policy […]
Property Valuation: HPI Forecasting How Were Keeping Score
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 […]
Housing Trends: Millennial Homebuyers Are Not All the Same
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 […]
Mortgage Performance: Loan Performance Insights Report Highlights August 2017
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 […]
Housing Trends: Homebuyers Typical Mortgage Payment Up 10 Percent Year Over Year
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 […]
Audio: Home Price Index Audio Clip September 2017
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 […]
Property Valuation: Home Price Index Highlights September 2017
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 […]
