Home prices hit their ninth record high in the last year despite appreciation continuing to trend down. Prices were up 5.4% YOY in June, down from May’s 5.9% but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Month-over-month, national prices rose 0.2% after seasonal adjustment, down 0.1% from the month…
Home prices broke records again in May despite appreciation cooldowns across the market. Prices were up 5.9% YOY in May, down from April’s 6.3% but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. With this increase, prices hit their eighth record high of the last year. Month-over-month, national prices rose…
Home prices soared to new highs in April, once again breaking the month prior’s record, despite cool-downs across the market. Prices were up 6.3% YOY in April, down from March but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. With this increase, prices hit their seventh record high of the…
Photo courtesy of NAREE. By KIMBERLEY HAAS Economists tracking the housing market say it’s still a game of wait and see as mortgage rates and other affordability factors weigh heavily on potential buyers and sellers. Lawrence Yun, chief economist at the National Association of Realtors, said he thought the housing market would recover this year,…
Photo: Coastal flooding during storms is an ongoing issue that will continue to impact properties in towns such as Hampton, New Hampshire. By KIMBERLEY HAAS The economic impact of climate change was the opening topic of discussion at the National Association of Real Estate Editors conference on Tuesday. John Rogers, chief innovation officer at CoreLogic,…
The number of underwater homes in the U.S. dropped in Q4 2023 as home prices continued soaring, adding to the property wealth of American homeowners. Equity rose by approximately $24,000 YOY for the average borrower, according to new data from CoreLogic. A home is underwater if it has negative equity – that is, if it’s…
Home prices slipped in November, breaking a nine-month streak of gains, but were up year-over-year. Prices were down 0.2% month-over-month from the month prior, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. This was the first monthly dip since January 2023. This was partly the result of mortgage rates spiking to peaks…
CoreLogic and Experian Verification Solutions have teamed up to enhance CoreLogic’s AutomatIQ Borrower Verification of Employment and Income. Four different verification options are now available, allowing lenders to create custom waterfall verification solutions with individual objectives. “People are at the heart of every mortgage transaction, and we want to ensure lenders are equipped with the…
Data released today shows home price gains improved in August both annually and month-over-month. Year-over-year, prices rose 2.6%, up from 1% in July, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Prices were up 0.4% month-over-month before seasonal adjustment and 0.9% after. This is the seventh consecutive month of increases. Home prices…
Serious mortgage delinquencies fell to their lowest point since 1999 in August, but financial pressures could force them up in the future. In August, 2.6% of all U.S. mortgages were in some stage of delinquency, down 0.2% YOY and 0.1% from July 2023, according to CoreLogic’s latest Loan Performance Insights Report. Early-stage delinquencies and adverse…
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