Home price appreciation increased at a steady clip in December as demand sizzled in cold-climate cities. Price gains inched up by 3.9% YOY in December, on par with November’s 3.8% and October’s 3.6%, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. The 10-City Composite increased annually by 5.1%, effectively the same from…
By ERIN FLYNN JAY Among real estate investors across the country, optimism has dropped. Limited inventory, increasing home prices, high finance costs, and insurance issues are to blame. Investors also worry that tariffs and mass deportations could impact the market. The Winter 2024 RCN Capital/CJ Patrick Company Investor Sentiment Index shows that in the fourth…
Foreclosure activity continued to simmer last month as filings slipped thanks to seasonal declines, but starts and completions increased on the year. Foreclosure filings were down 9% YOY in November and 5% from October, according to new data from ATTOM. Filings include default notices, scheduled auctions, or bank repossessions. ATTOM CEO Rob Barber said the…
American homeowners saw home equity changes last quarter, with overall growth cooling. The rate of equity growth dropped from 8% to 2.5% from Q2 to Q3 2024, according to new data from CoreLogic. For the first time since Q4 2022, the share of negative equity rose in the U.S. on a quarterly basis. Quarter-over-quarter, the…
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…
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