Mortgage Performance: Foreclosure Report Highlights October 2016
Distressed Homes Inventory 79 Percent Below Peak Level The October 2016 foreclosure inventory was 79 percent below the January 2011 peak. The inventory of mortgages in serious delinquency fell 24.8 percent year over year in October 2016. Only Alaska, North Dakota and Wyoming experienced a year-over-year increase in the serious delinquency rate. The national foreclosure […]
Property Valuation: Borrower Equity Update Third Quarter 2016
Homeowner Equity Increased $227 Billion in Third Quarter 2016 The national negative equity share fell to 6.3 percent in Q3 2016. Only North Dakota saw an increase in negative equity share over the past year, but the increase was minimal. Florida saw the largest improvement in negative equity share over the past year, falling 5.2 […]
Videos: U.S. Economic Outlook December 2016
Peering into 2017: The Outlook for U.S. Housing and Mortgage Markets – Home Prices Projected Up 5%, Rent Up 3%, and Purchase and HELOC Originations Up Economic growth will be a primary factor affecting the housing market in 2017. The latest projections show a consensus that the economy will grow between 2 and 2¼ […]
Property Valuation: Home Price Index Audio Clip October 2016
National Home Prices Increased 6.7 Percent Year Over Year in October 2016 Home prices forecast to rise 4.6 percent over the next year. The highest appreciation was in the West, with Washington growing by double digits in October. After adjusting for inflation, home prices are still 18.9 percent below their peak. Get The Full […]
Property Valuation: Home Price Index Highlights October 2016
National Home Prices Increased 6.7 Percent Year Over Year in October 2016 Home prices forecast to rise 4.6 percent over the next year. The highest appreciation was in the West, with Washington growing by double digits in October. After adjusting for inflation, home prices are still 18.9 percent below their peak. National home prices increased […]
Housing Trends: Collateral Issues Are Third Most-Likely Cause of Mortgage Loan Denial
About 10-13 Percent of Appraisals are Below Pre-Closing Contract Price According to newly released 2015 Home Mortgage Disclosure Act (HMDA) data, collateral was the third most-frequently cited reason for denials of mortgage loan applications, or 13.7 percent on first-lien purchase mortgages for one-to-four family, owner-occupied homes – trailing distantly behind denials citing applicant’s debt-to-income ratio […]
Housing Policy: Big Changes with a New Administration and a New Congress
Getting to 60 may be the Core Question The incoming Trump Administration and Republican-controlled Congress have important housing policy questions to consider. And to paraphrase Donald Rumsfeld, what we have so early after the election is a case of the known knowns and known unknowns. We know that President-elect Trump is working through appointments, but […]
Housing Policy: Big Changes with a New Administration and a New Congress
Getting to 60 may be the Core Question The incoming Trump Administration and Republican-controlled Congress have important housing policy questions to consider. And to paraphrase Donald Rumsfeld, what we have so early after the election is a case of the known knowns and known unknowns. We know that President-elect Trump is working through appointments, but […]
Natural Hazard Risk: Earthquake Risk Spotlight on the Pacific Northwest
The Triple Threat of the Cascadia Subduction Zone It was a cold, dark, wintery night in 1700 when the ground shook violently for several minutes during one of the largest earthquakes the world has ever experienced. This massive magnitude 9.0 earthquake ruptured the full length of the Cascadia subduction zone – a 1,000-kilometer (600-mile) long […]
Housing Trends: Cash and Distressed Sales Update August 2016
Cash Sales Accounted for 31 Percent of All Home Sales in August The cash sales share fell 1.5 percentage points from August 2015 Of total sales in August 2016, distressed sales accounted for 7.3 percent and real estate-owned (REO) sales accounted for 4.6 percent The REO sales share in August was the lowest for any […]
