Audio: Home Price Index Audio Clip July 2017
The CoreLogic HPI for July 2017 showed that national home prices appreciated 6.7 percent from a year ago. Prices in July were just 0.5 percent below the 2006 peak, and the index is predicted to be back to the 2006 peak in the next few months. Lower-cost homes appreciated much faster than the rest of […]
Property Valuation: Home Price Index Highlights July 2017
Lower-Cost Homes Appreciated Faster Than All Other Price Segments in July Home prices forecast to rise 5 percent over the next year. Pacific Northwest states led the nation in home price growth. Washington and Utah price growth has accelerated by 3 percentage points this year. National home prices increased 6.7 percent year over year in […]
Is the Adjustable-Rate Mortgage Making a Come Back
ARMs Today are Different than the Pre-Crash ARMs During the past decade, homebuyers have mostly preferred fixed-rate mortgages (FRMs) over adjustable-rate mortgages (ARMs). Proof of this is the precipitous drop in the ARM share of the dollar volume of originations from almost 45 percent during mid-2005 to a low of 2 percent in mid-2009 (Figure […]
Health of the Housing Market as of Q2 2017
Ten Markets Signal High Risk, Eight in Florida Alone Home prices continued to rise in many markets as of Q2 2017, reflecting rising homebuyer demand and a low for-sale inventory. As CoreLogic Chief Economist Frank Nothaft recently observed, the for-sale inventory as a share of all households is the lowest Q2 reading in over 30 […]
Mortgage Performance: Single-family Mortgage Originations Increased 15 Percent in 2016
Government Share of Originations Remained Steady CoreLogic public records data shows that the dollar volume of all mortgages – purchase and refinance combined – originated[1] in 2016 was nearly $2 trillion, a 15 percent increase over the 2015 origination amount. The number of all mortgages originated last year increased 10 percent from 2015 to just […]
Housing Policy: Are We Serving the Underserved
A Sunset Seminar with CoreLogic and the Urban Institute This July, CoreLogic partnered with the Urban Institute to co-host a seminar highlighting the challenges, opportunities, and expectations of the Government Sponsored Enterprises’ (GSEs) Duty to Serve Plans. The event was the 12th in the Sunset Seminar series, sponsored by CoreLogic and the Urban Institute and […]
Videos: CoreLogic Primer on How Earthquake Loss Modeling Benefits the Insurance Industry
Quantifying Risk Requires More than Hazard Data The insurance industry primarily utilizes earthquake data through the use of probabilistic risk models. Ultimately, the goal of using a probabilistic risk model is to become more resilient. With catastrophe risk models and analytics to help quantify damage and losses from an earthquake, as well as identify the […]
Videos: U.S. Economic Outlook August 2017
Foreign Buyers and Home-Price Growth: 15% nonresident foreign buyer tax enacted in Toronto and Vancouver Major cities have been the entry gateway for immigrants to both the U.S. and Canada. Today, about 13 percent of the U.S. population and 21 percent of the Canadian population is foreign born. In Miami, New York, Los Angeles, and […]
Housing Trends: US Single-Family Rents Up 2.8 Percent Year Over Year in June
Low-Cost Markets Logged Significantly Higher Rent Growth National rent growth decelerated in June 2017 compared with June 2016 Low-end rent growth more than doubled high-end rent growth Orlando had the highest year-over-year rent growth in Q2 Single-family rents, as measured by the CoreLogic Single-Family Rental Index (SFRI), climbed steadily between 2010 and 2016. However, the […]
Housing Trends: How Rising Interest Rates Can Decrease Affordability More Than Home Price Increases
CoreLogic ‘Typical Mortgage Payment’ Index Measures Relative Affordability Over Time Rising home prices and relatively stagnant wage growth have combined to create affordability headwinds for many Americans. Until recently, however, historically low mortgage interest rates have been one of the few tailwinds helping the average homebuyer. But what will happen now that rates are rising […]
