Audio: Home Price Index Audio Clip March 2017

National Home Prices Increased 7.1 Percent Year Over Year in March 2017 The CoreLogic HPI for March 2017 showed that national home prices appreciated 7.1 percent from a year ago and edged closer to the 2006 peak. Prices are 2.8 percent below the peak, and expected to reach that level by the middle of this […]

Property Valuation: Home Price Index Highlights March 2017

National Home Prices Increased 7.1 Percent Year Over Year in March 2017 Home prices forecast to rise 4.9 percent over the next year. Prices in 27 states have risen above the pre-crisis peaks and prices in 10 states are within 5 percent of their pre-crisis peaks. Adjusting for inflation, home prices are still 18.1 percent […]

Housing Trends: Cash and Distressed Sales Update January 2017

The Cash Sales Share for January Was 37 Percent The cash sales share for January 2017 was 36.5 percent, unchanged from a year ago The distressed sales share for January 2017 was 7 percent, down 4.6 percentage points from  January 2016 Only two states and the District of Columbia have distressed sales shares close to […]

Housing Trends: Housing Supply Update Hard to Keep Up with the Demand

National Supply of Homes for Sale Has Fallen to Early 2000s Level December is the holiday season for many people who take time off from work, travel and spend time with family. For many business, it’s the slow time of the year. However, with interest rates rising, home buyers this past December were in a […]

Mortgage Performance: Is the Credit Cycle Turning

Mortgage Performance is Beginning to Deteriorate The contours of a typical economic expansion and recession are strongly driven by loan performance. When times are good, lenders expand loan production to more marginal borrowers but when loan performance begins to deteriorate, lenders become more conservative, which often exacerbates an economic downturn. Therefore, an understanding of the […]

Videos: A Rising Tide for Flood Insurance Reform

U.S. Housing Policy Outlook: April 2016 The National Flood Insurance Program (NFIP), overseen by the Federal Emergency Management Agency (FEMA), aims to reduce the impact of flooding on private and public structures across the United States through the provision of affordable flood insurance and the mitigation of negative externalities associated with flood disasters.  This program […]

Mortgage Performance: Prepare for Higher Fraud Risk in 2017

The Warning Lights Keep Flashing At the end of 2016, the CoreLogic National Mortgage Application Fraud Risk Index matched its previous high level of 122. CoreLogic has been gauging fraud risk on this Index since Q3 2010, with a starting benchmark of 100. We anticipate the Q1 2017 Index, due out April 20, will record […]

Mortgage Performance: Loan Performance Insights Highlights Through January 2017

Current-to 30-Day Transition Rate at 15-Year Low New monthly report emphasizes early distress signs Delinquency rates fell in January 2017 compared with a year ago North Dakota had the lowest mortgage delinquency rate In January 2017, 5.3 percent of home mortgages were in some stage of delinquency, down from 6.4 percent a year earlier, according […]

Videos: U.S. Economic Outlook April 2017

Effect of Higher Mortgage Rates on Homeowner Mobility: Higher mortgage rates may slow homeowner re-sale volume   Interest rates on fixed-rate mortgages are up nearly three-quarters of a percentage point from last summer, and most economists are expecting mortgage rates to gradually move higher.  Higher interest rates lessen home-buyer affordability and will lead to a […]

Housing Trends: Is it Tight Underwriting or Too Few Applicants with Less-Than-Perfect Credit

Comparing Mortgage Applications and Originations by Credit Score Distribution In a blog series CoreLogic published last year, we observed that there were far fewer low credit score applicants in 2015 than in 2005.[1] As we enter 2017, it’s time to revisit this topic to see how things have changed in 2016 and compare it this […]