CoreLogic: Delinquencies Fall Below Pre-Pandemic Levels
Ahead of this Thursday’s National Delinquency Survey from the Mortgage Bankers Association, Corelogic, Irvine, Calif., reported November’s loan delinquency rates fell to levels last seen before the coronavirus pandemic.
Home Prices Re-accelerate; Equity Smashes Records; ‘Worst Affordability in 14 Years’
Black Knight, Jacksonville, Fla., said inventory shortfalls caused home prices to re-accelerate in 2021, putting pressure on home affordability but also creating for homeowners a record amount of tappable equity.
Homeownership Rate Holds Steady; Vacancy Rates Hit 38-Year Low
The nation’s homeownership rate held relatively steady at 65.5 percent in the fourth quarter, the Census Bureau reported last week. But analysts said the rate could be somewhat higher, given the current shortage of homes available for sale.
Strong Housing Market Boosts Sharp Rise in Homeowner Equity
ATTOM, Irvine, Calif., said mortgage residential properties considered “equity-rich” jumped to nearly 42 percent in the fourth quarter as rising home prices boosted homeowner equity.
