Mortgage Performance: Foreclosure Report Highlights August 2016
National Foreclosure Inventory Down 30 Percent Year Over Year The foreclosure inventory was 77.5 percent below the January 2011 peak in August 2016. The inventory of mortgages in serious delinquency fell 20.6 percent year over year in August 2016. All states except North Dakota and Wyoming had a year-over-year decrease in the serious delinquency rate. […]
Videos: U.S. Economic Outlook October 2016
Home-Equity Wealth Makes a Comeback – Homeowners Had, on Average, $11,000 Gain in Home-Equity Wealth Last Year Home prices have risen significantly throughout the nation since the 2011 trough in the housing cycle. The CoreLogic Home Price Index has recorded a 40 percent rise in the national index since the trough, with some areas […]
Audio: Home Price Index Audio Clip August 2016
National Home Prices Increased 6.2 Percent Year Over Year in August 2016 Home prices forecast to rise 5.3 percent over the next year. The highest appreciation was in the West, with Oregon and Washington growing by double digits in August. The low-price tier showed the fastest appreciation of any price tier. Get The Full […]
Property Valuation: Home Price Index Highlights August 2016
National Home Prices Increased 6.2 Percent Year Over Year in August 2016 Home prices forecast to rise 5.3 percent over the next year. The highest appreciation was in the West, with Oregon and Washington growing by double digits in August. The low-price tier showed the fastest appreciation of any price tier. National home prices increased […]
Insurance: Earthquake Risk Location Matters
A Cross-Country View of Earthquake Risk in the U.S. From businesses and corporations to the average person on the street, most people don’t think of natural hazard risk on a daily basis. Recently, major catastrophic floods and wildfires have made headlines, and the Midwest fears and plans for tornado season every year, while the East […]
Housing Trends: Distressed Sales Update June 2016
Distressed Sales Accounted for 8 Percent of Homes Sold Nationally in June 2016 Of total sales in June 2016, distressed sales accounted for 7.8 percent and real estate-owned (REO) sales accounted for 4.9 percent The REO sales share was 23 percentage points below its peak of 27.9 percent in January 2009 Distressed sales shares fell […]
Housing Trends: Cash Sales Update June 2016
Cash Sales Share Below 30 Percent is First Since 2007 Cash sales accounted for 29.3 percent of total home sales in June 2016, down 2.5 percentage points year over year from June 2015. On a month-over-month basis, the cash sales share fell by 0.9 percentage points in June 2016 compared with May 2016. The cash […]
U.S. Housing Policy Update September 2016
New Federal Stances on PACE Financing The debate around Property Assessed Clean Energy (PACE) programs is heating up with the Federal Housing Administration (FHA) announcement permitting FHA-insured mortgages on some PACE-assessed properties. From 2008 to 2010 PACE was all the rage. Over twenty states adopted enabling legislation for this exciting new way to fund […]
Housing Trends: Colorado Home Prices High on Marijuana
Locales That Allowed Retail Marijuana Sales Had Increased Price Growth On November 6, 2012, Colorado voters made history by passing Amendment 64 legalizing marijuana for recreational purposes. Colorado became one of the first two states in U.S., along with Washington, to legally allow the possession, transportation, or purchase of a small, regulated amount of marijuana […]
Property Valuation: Land Values Drive Home Price Volatility
When homeowners think about the value of their properties they usually focus on the physical attributes of their houses and pay less attention to the land parcels on which their houses sit. This makes sense since most people spend more time inside their houses than in their backyards. But in many housing markets, especially expensive […]
