Housing Trends: The More, The Merrier
Homebuilders Are Building Larger Homes on Smaller Lots The housing market is hot this spring with many families trying to buy their dream home or first home before interest rates become too high, and yet housing inventory is still low. The inventory has been low for the past few years, and is one of the […]
Audio: Home Price Index Audio Clip February 2017
National Home Prices Increased 7 Percent Year Over Year in February 2017   The CoreLogic HPI for February 2017 showed that national home prices appreciated 7 percent from a year ago and were 3.8 percent below the 2006 peak. The HPI is expected to increase 4.7 percent over the next year. The year-over-year increase of […]
Property Valuation: Home Price Index Highlights February 2017
National Home Prices Increased 7 Percent Year Over Year in February 2017 Home prices forecast to rise 4.7 percent over the next year. Prices in 27 states have risen above the pre-crisis peaks. Adjusting for inflation, home prices are still 19.3 percent below their peak. National home prices increased 7 percent year over year in […]
Business Economists Favor NAFTA, Skilled Immigrants, Less Debt and More Consumer Say in Health Care
NABE’s Policy Survey is first since Trump Administration took office The National Association for Business Economics’ (NABE) semiannual Economic Policy Survey focused on some of the critical topics that President Trump and his advisers face. Conducted January 31 – February 15, the survey revealed some disagreements with the new administration but also identified some common […]
Housing Trends: The State of House Flipping in 2016 Part III
Positive Correlation Observed Between Home Price Growth and the Share of Flipping Activity In Part I and Part II of this blog series, I presented the share and gross gain of house flipping at the national level and the Core Based Statistical Level (CBSA) level in 2016. Today we show there is a positive correlation […]
Housing Trends: Potential Homebuyers Seek Affordability and Warmth
Millennials Looking for Affordability and Jobs whereas Baby Boomers Looking for Affordability and Warmth Labor mobility in the U.S. has declined in recent years. Home owners are staying in their homes longer than in previous years. Corelogic data show homeowner mobility declining gradually over the past three decades.[1] Those homeowners who have wanted to move […]
Housing Trends: The Accuracy of Comparable-Property Data in an Appraisal Report
Appraisal-report comp prices from an MLS generally match public-record sales prices One of the many challenges when underwriting a loan is to make sure the appraisal provides a reliable assessment of the collateral’s value. Fortunately, to meet the challenge and to stay compliant in a demanding regulatory environment, appraisal reviewers and underwriters have increasingly incorporated […]
Housing Trends: Cash and Distressed Sales Update December 2016
The Cash Sales Share for 2016 Was 32.1 Percent, the Lowest Full-Year Cash Sales Share Since 2007 The full-year cash sales share for 2016 was 32.1 percent The cash sales share in December 2016 was 33.1 percent The full-year distressed sales share for 2016 was 8.9 percent Cash sales accounted for 33.1 percent of total […]
Mortgage Performance: Housing Credit Index Fourth Quarter 2016
Fourth Quarter Originations Exhibit Low Credit Risk, Consistent with the Previous Quarter CoreLogic’s Housing Credit Index (HCI) found mortgage loans originated during Q4 2016 continued to exhibit low credit risk compared with the previous quarter and one year earlier. In terms of credit risk, loans originated during Q4 2016 are among the highest-quality home loans […]
Housing Trends: The State of House Flipping in 2016 Part II
Texas and Florida Flipping Activities Were Strong in 2016 In Part I of this blog we discussed flipping activity in 2016 – investors buying homes, repairing and selling them within a short period of time for a profit – at the national level. Here we focus on flipping activity at the local metro level for […]
