Housing Trends: The State of House Flipping in 2016 Part I
At the National Level, Flipping Activity is the Second Lowest Since 2012 Flipping is the term used when an investor purchases a property, renovates and repairs it, and then re-sells it within a short period of time for a profit. In a blog series I published a while back, Is Flipping Coming Back? Part I […]
Mortgage Performance: Foreclosure Report Highlights 10-Year Retrospect of the US Residential Foreclosure Crisis
National Foreclosure Rate Down to Less Than 1 Percent From a High of 3.6 Percent This year marks a decade since the start of the housing crisis[1]. Since mid-2007 more than 7.5 million homes have been foreclosed on according to a 10-year retrospect of the U.S. residential foreclosure crisis, “United States Residential Foreclosure Crisis: 10 […]
Housing Policy: Notes from the Hill Alternative Credit Scoring
Credit Score Competition Act Reintroduced On February 7, Representative Ed Royce (R-CA-39) reintroduced the Credit Score Competition Act, which would require Fannie Mae and Freddie Mac (the Government-Sponsored Enterprises, or GSEs) to consider alternative credit scoring models in their mortgage purchasing decisions. What Does the Bill Do? At present, the GSEs exclusively rely on an […]
Housing Policy: The Effect of Higher Interest Rates on the Housing and Mortgage Markets
A Sunset Seminar with CoreLogic and the Urban Institute This February, CoreLogic partnered with the Urban Institute to co-host a seminar highlighting the effect of higher interest rates on the housing and mortgage markets. The event was the 10th in the Sunset Seminar series, sponsored by CoreLogic and the Urban Institute and focused on public […]
Property Valuation: Borrower Equity Update Fourth Quarter 2016
Homeowner Equity Increased $63 Billion in Fourth Quarter 2016 The national negative equity share fell to 6.2 percent in Q4 2016. All states saw a decrease in negative equity share over the past year. Florida saw the largest improvement in negative equity share over the past year, falling 4.9 percentage points. The amount of equity […]
Videos: U.S. Economic Outlook March 2017
Single-family Rent Growth Faster in Markets with Low Vacancies: One-percentage point lower vacancy rate leads to 0.5% faster rent growth Rent growth varies across neighborhoods and over time. For this reason, rent-growth expectations are important not just for families who are deciding whether to rent or own their home, but also for investors who […]
Audio: Home Price Index Audio Clip January 2017
National Home Prices Increased 6.9 Percent Year Over Year in January 2017 The CoreLogic HPI for January 2017 showed that home prices are off to a good start this year. U.S. home prices increased 6.9 percent from a year ago, and are expected to increase 4.8 percent over the next year. This forecast would […]
Property Valuation: Home Price Index Highlights January 2017
National Home Prices Increased 6.9 Percent Year Over Year in January 2017 Home prices forecast to rise 4.8 percent over the next year. Prices in 27 states have risen above the pre-crisis peaks. Adjusting for inflation, home prices are still 19.2 percent below their peak. National home prices increased 6.9 percent year over year in […]
Housing Policy: FHA-to-Conventional Refinancing is a Bright Spot in the Mortgage Market
An Estimated 250,000 Expected to Refinance from FHA to Conventional in 2017 Most of the attention surrounding the higher mortgage rate environment has been on the negative impact on the mortgage refinance market. However, that overlooks the fact that there are reasons a borrower may want to refinance in a modestly higher rate environment. For […]
Videos: U.S. Housing Policy Update March 2017
Condo Lending CoreLogic has taken a look at the state of condominium lending. Where things stand now… what’s changing and what’s not…or at least not changing fast enough for some participants. Through November of 2016, lending for condo purchases was running at an annual rate of $74 billion, or 8 percent of total purchase […]
