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CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, big data and technology solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk.

January 27, 2023 / Real Estate

Loan Performance Insights – January 2023

From CoreLogic
The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through November 2022. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next.
January 20, 2023 / Real Estate

Serious Delinquency Rates for All Mortgage Loan Types Continue to Fall

From CoreLogic
The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report. Data shows the serious delinquency rate for October 2022 declined one percentage point from 12 months prior to 1.2%. Compared to the peak serious delinquency rate for mortgages in August 2020, the rate in October was down three percentage points, which was mostly driven by strong labor market conditions since the U.S. economy reopened.
January 18, 2023 / Real Estate

CoreLogic: US Annual Rent Growth Drops for the Seventh Straight Month in November

From CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rental price increases dropped to 7.5% year over year in November, with all four tracked price tiers posting lower gains than a year earlier. November marked the seventh consecutive month of annual deceleration, and while Florida metro areas continued to post the nation’s highest rental cost gains, other Sun Belt cities such as Phoenix and Las Vegas that formerly showed the highest rent increases are now at the bottom.
January 11, 2023 / Real Estate

Is the Pandemic-Induced Move to the Suburbs Over?

From CoreLogic
In the spring of 2020, downtown areas became unattractive places for many people because of the emergence of COVID-19. The economic shutdown meant that urban cores lost their lifestyle value, remote work meant they lost their commuting value and physical distancing stripped them of their social value. These factors, among others, led to a flight from dense urban areas, both to the suburbs and beyond.
January 3, 2023 / Real Estate

Millennial Homebuyers’ Share Continues to Rise in 2022

From CoreLogic
Millennials have made up the largest share of home purchase mortgage applications for the last six years. According to the CoreLogic Loan Application Database, Millennial homebuyer share rose to its highest level in 2022, comprising about 54% of overall home-purchase applications (Figure 1). The Millennial home purchase share has steadily increased since 2015, rising about two to three percentage points per year. At the same time, Gen Z — the generation succeeding Millennials whose members were born after 1997 — is entering the housing market. This year, the cohort comprised about 4% of overall home-purchase applications.
December 29, 2022 / Real Estate

Loan Performance Insights – December 2022

From CoreLogic
The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through October 2022. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next. The report is published monthly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes transition rates between states of delinquency and separate breakouts for 120+ day delinquency.
December 22, 2022 / Real Estate

How Rising Mortgage Rates Eroded Housing Affordability in 2022

From CoreLogic
Housing is expensive, and this year, homeowners saw housing affordability decline as their monthly mortgage payments jumped to the highest levels in 15 years. With inflation simultaneously pushing the cost of goods up everywhere, current economic conditions are exerting pressure on current and future homeowners leaving many wondering if they can afford a mortgage. Over the last year, home prices increased by double digits, with CoreLogic’s most recent Home Price Insights report showing a 10.1% year-over-year increase in October 2022. And this rise in prices is independent of interest rates which spiked to over 7% in mid-
December 21, 2022 / Real Estate

Annual US Single-Family Rent Price Growth Falls to Single Digits in October, CoreLogic Reports

From CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. U.S. rental price growth slowed for the sixth straight month on an annual basis in October to 8.8%, the lowest rate of appreciation in more than a year but still three times higher than the pre-pandemic level. Despite the continued cooling, a shortage of available properties is keeping costs elevated, a trend that is partially fueling year-over-year gains in the lower-priced tier.
December 12, 2022 / Real Estate

Homeowner Equity Insights – Q3 2022

From CoreLogic
The CoreLogic Homeowner Equity Insights report, is published quarterly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes negative equity share and average equity gains. The report features an interactive view of the data using digital maps to examine CoreLogic homeowner equity analysis through the third quarter of 2022. Negative equity, often referred to as being “underwater” or “upside down,” applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both.
December 7, 2022 / Real Estate

U.S. Home Price Insights – December 2022

From CoreLogic
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through October 2022 with forecasts through October 2023. CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner. CoreLogic HPI Forecasts™ (with a 30-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.
November 16, 2022 / Real Estate

CoreLogic: Annual Single-Family Rent Growth Decelerates for Fifth Consecutive Month and Seasonal Patterns Return

From CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Consistent evidence of a single-family rental market cooldown follows nearly two years of above-trend rental price hikes. Year-over-year single-family rent growth slowed for the fifth consecutive month in September 2022 to 10.2%, down from a high of 13.9% in April 2022.
November 8, 2022 / Real Estate

Top 10 Equity-Rich Housing Markets in Q3 2022

From CoreLogic
According to ATTOM’s Q3 2022 U.S. Home Equity & Underwater Report, 48.5 percent of mortgaged residential properties in the U.S. were considered equity-rich in the third quarter. The report noted that figure was up from 48.1 percent in Q2 2022 and 39.5 percent in Q3 2021. ATTOM’s latest home equity and underwater analysis also noted the latest increase fell below other gains in recent years, but still marked the 10th straight quarterly rise, and resulted in virtually half of all mortgage payers landing in equity-rich territory.
November 4, 2022 / Real Estate

How Much Did US Home Prices Actually Fall in July?

From CoreLogic
Home price appreciation dropped in July for the first time since December 2018, ending a 40-month streak of growth. But depending on the statistic referenced, this decline could be considered either an extreme or minor correction. One of the most widely-cited industry metrics for home price changes is the median sales price, which determines trends based on the midpoint of all houses sold in a given market. By contrast, repeat sales indexes, such as CoreLogic‘s Home Price Index (HPI) and the CoreLogic S&P Case-Shiller Index, measure appreciation based on the difference between the price of a home now versus its previous sale.
November 2, 2022 / Real Estate

U.S. Home Price Insights – November 2022

From CoreLogic
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through September 2022 with forecasts through September 2023. CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner. CoreLogic HPI Forecasts™ (with a 30-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.
October 27, 2022 / Real Estate

The Pace of Home Sales Slows As Mortgage Rates Pick Up

From CoreLogic
Record-high home prices and rising mortgage rates have shut out a number of potential buyers, and the reduced competition gives other shoppers more time to house hunt before making an offer. Figure 1 shows the median days on market before a listing enters pending status for the month of September of each year since 2000. As of September 2022, the median days on market before pending was 19 days, which is eight days more than the median time in September 2021. However, it’s still less than one-third of the 20-year[\[1\]](https://www.corelogic.com/intelligence/the-pace-of-home-sales-slows-as-mortgage-rates-pick-up/#ftn1) average of 35 days before the pandemic.
October 19, 2022 / Real Estate

US Rent Growth Continues to Slow in August, CoreLogic Reports

From CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. U.S. single-family home rental costs posted an 11.4% year-over-year increase in August, marking the fourth straight month of annual deceleration. Even so, rental costs remained elevated, with annual growth running at about five times the rate than in August 2020 in the midst of the COVID-19 pandemic.
October 17, 2022 / Business

The Return of Home Equity Line of Credit Activity

From CoreLogic
In the past two years, many creditworthy borrowers have taken advantage of ultralow interest rates to refinance their mortgages. As of July 2022, 80% of outstanding home mortgage loans had interest rates below or equal to 4%. However, rising interest rates have significantly reduced refinancing opportunities. With interest rates hovering around 6% and higher in September, refinancing activity has plummeted. Instead, home equity lines of credit (HELOCs) and home equity loans are gaining popularity as homeowners seek to tap their accumulated equity.
October 13, 2022 / Business

Average Total Down Payment Reached an All-Time High in 2022

From CoreLogic
The average sums that buyers are parting with for a down payment are at an all-time high for all homes purchased in the United States. After falling during the housing crisis of the Great Recession (2008-2009), the average down payment amount has steadily increased. However, since the onset of the pandemic in early 2020, the average down payment sum surged, reaching a record high in May 2022. Home prices play a significant part in the size of down payments, and with increases in home prices over the last few years, average down payments have followed suit.
October 5, 2022 / Real Estate

U.S. Home Price Insights – October 2022

From CoreLogic
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through August 2022 with forecasts through August 2023. CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner. CoreLogic HPI Forecasts™ (with a 30-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.
September 21, 2022 / Real Estate

CoreLogic: Annual US Rent Price Growth Slows for Third Consecutive Month in July

From CoreLogic
Although U.S. single-family rent growth was up by 12.6% in July year over year, the gains continued to slow from the historic high recorded in April. CoreLogic observes similar price growth relaxation in most major metro areas tracked in the SFRI, including popular Sun Belt cities that have seen rental costs skyrocket. Miami’s 30.6% annual price gain again topped the country in July but is down from the 40.8% year-over-year growth recorded in March 2022. Phoenix, which posted a 12.2% annual gain in July, saw rental cost growth drop by 6 percentage points from March.