It’s been quite a year for record-high home prices, and the latest report from CoreLogic, Irvine, Calif., keeps the hot streak going.
Tag: Frank Martell
CoreLogic: Homeowners Gained $2.9 Trillion in Equity in Q2
CoreLogic, Irvine, Calif., said homeowners with mortgages saw their equity increase by 29.3% year over year, representing a collective equity gain of more than $2.9 trillion and an average gain of $51,500 per borrower over the past year.
CoreLogic: June Foreclosure Inventory Rate Lowest in Two Decades
CoreLogic, Irvine, Calif., said 4.4% of all mortgages in the U.S. were in some stage of delinquency in June, a 2.7-percentage point decrease in delinquency from a year ago but above the February 2020 pre-pandemic rate of 3.6%.
CoreLogic Home Price Index Hits Record High
The CoreLogic Home Price Index reported annual home price growth in July jumped to the highest rate in its 45-year history.
Turning the Corner? Mortgage Delinquencies See 1st Annual Decrease in More than a Year
CoreLogic, Irvine, Calif., said all stages of mortgage delinquency except for the serious delinquency rate improved on an annual basis for the first time since March 2020.
Torrid Demand, Scarce Inventory Fuels Double-Digit Home Price Growth
Our story so far: high demand for housing, coupled with near record-low inventories, results in double-digit annual home price growth. CoreLogic, Irvine, Calif., is the latest to confirm the trend.
1Q Homeowner Equity Gains $1.9 Trillion
Corelogic, Irvine, Calif., said “underwater” (negative equity) homes decreased by 24% year over year in the first quarter, while the average homeowner gained $33,400 in equity year over year.
CoreLogic: Strong Improvement in U.S. Mortgage Delinquency Rates
CoreLogic, Irvine, Calif., said just 4.9 percent of all mortgages in the U.S. were in some stage of delinquency, the lowest rate in more than a year.
CoreLogic: Home Prices Rise at Fastest Pace Since 2006
CoreLogic, Irvine, Calif., said sparse inventory and high demand placed upward pressure on home prices, leading to a third straight month of double-digit percentage growth.
CoreLogic: Mortgage Delinquency Rates Level Off in February
Despite a small uptick in overall delinquencies, serious delinquencies continued to decrease, CoreLogic, Irvine, Calif., reported this morning.