National Single-Family Rent Growth Decelerated in May 2017 Compared to May 2016
High-Cost Rentals Experience Largest Decline National rents increased 2.9 percent from a year ago Low-end rent growth more than doubled high-end rent growth Seattle had the highest rent growth over the past year in Q1 Single-family rents, as measured by the CoreLogic Single-Family Repeat Rent Index (SFRI), climbed steadily between 2010 and 2016. However, rent […]
Mortgage Performance: Loan Performance Insights Report Highlights April 2017
Foreclosure Rate Falls to Lowest Level Since July 2007 Early-stage delinquencies edged up in April 2017 from a year earlier The current-to 30-day transition rate increased in April 2017 from a year earlier San Francisco had the lowest delinquency rate of the largest metro areas In April 2017, 4.8 percent of home mortgages were in […]
Audio: Home Price Index Audio Clip May 2017
The CoreLogic HPI for May 2017 showed that national home prices appreciated 6.6 percent from a year ago and were just 1.5 percent below the 2006 peak. Prices are expected to increase 5.3 percent over the next year. Lower-priced homes increased 9.4 percent in May, outpacing the overall market. This is the only price segment […]
Property Valuation: Home Price Index Highlights May 2017
Price Gains for Lower-Cost Homes Outpaced Overall Market Home prices forecast to rise 5.3 percent over the next year. Prices in 30 states have risen above the pre-crisis peaks and prices in eight states are within 5 percent of their pre-crisis peaks. Adjusting for inflation, home prices are still 16.8 percent below their peak. National […]
Housing Policy: Earthquakes, Tsunamis, and Floods Oh, My!
Congress Advances Legislation to Reauthorize FEMA “Since 1989, the Federal Emergency Management Agency [FEMA] alone has obligated almost $200 billion for over 1300 major presidentially declared disasters,” stated Representative Lou Barletta (R-PA-11) during a recent committee markup session, as he introduced his legislation to reauthorize FEMA for the first time in the agency’s history. Yes […]
Videos: U.S. Housing Policy Outlook June 2017
Appraisal Industry Reform in Washington, D.C. As the 115th Congress continues to debate a wide range of fiscal and public policy priorities this summer, the issue of housing finance reform at large remains on the congressional to-do list. Part of that reform includes examining the future state of the appraisal industry. Of course, at CoreLogic, […]
Insurance: Ready for the 2017 Hurricane Season
June, Too Soon… *Tom Larsen co-authored this blog. You may be familiar with the old hurricane season mnemonic; June – Too Soon (first month) July – Standby (for any news of a storm) August – You must (prepare in case a storm comes) September – Remember (to standby) October – It’s all over (last month)1 […]
Housing Trends: Escrow vs. Non-Escrow Mortgages The Trend is Clear
Escrow accounts increasingly more popular among Borrowers and Lenders For the past several years there has been a strong push in the mortgage servicing industry to move borrowers to mortgage escrow accounts. A recent analysis by CoreLogic shows that currently almost 80 percent of all borrowers are paying their taxes (and insurance) through escrow accounts. […]
Mortgage Performance: Housing Credit Index First Quarter 2017
Loans Originated in the First Quarter Exhibit Slightly Higher Credit Risk Compared to the Previous Year CoreLogic’s Housing Credit Index (HCI) found mortgage loans originated during Q1 2017 exhibit slightly higher credit risk compared with the previous year but remained similar to early 2000s. The average credit score for homebuyers increased 7 points between Q1 […]
Videos: U.S. Economic Outlook June 2017
Will Higher Mortgage Rates add to Loan Default Risk? Refi Credit Scores Dip 9 points For Each Half-Percent Rise in Mortgage Rates Mortgage rates have risen since last summer to their highest level in two years. Let’s explore how higher mortgage rates may affect the default risk of loans currently outstanding, as well as new […]
