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National home prices increased 18% year over year in October 2021, according to the latest CoreLogic Home Price Index (HPI®) Report . The October 2021 HPI gain was up from the October 2020 gain of 7.4% and was the highest 12-month growth in the U.S. index since the series began in 1976. The increase in home prices was fueled by low mortgage rates, low for-sale supply and an influx in homebuying activity from investors. Projected increases in for-sale supply and moderation in demand as prices grow out of reach for some buyers could slow home price gains over the next 12 months.

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Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.

January 19, 2022 / Real Estate

Single-Family Annual Rent Growth Continues at a Rapid Pace

From CoreLogic
U.S. single-family rent growth increased 11.5% in November 2021, the fastest year-over-year increase in over 16 years, according to the CoreLogic Single-Family Rent Index (SFRI). The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. The November 2021 increase was more than three times the November 2020 increase, and while the index growth slowed in the summer of 2020, rent growth returned to its pre-pandemic rate by October 2020.
January 18, 2022 / Real Estate

Borrower Cost of Jumbo Loans Declines Compared to Last Year

From CoreLogic
Historically, large-balance mortgage loans, known as ‘jumbo’ loans, have had a higher interest rate than conforming loans. However, since mid-2013, the interest rate for a jumbo loan was lower than a conforming loan until June 2020. Low interest rates during the pandemic didn’t benefit homebuyers with jumbo loans the same way as it did homebuyers with conforming loans. While the conforming mortgage interest rate dropped to record lows in 2020, the jumbo-to-conforming mortgage rate spread widened and jumbo loans became relatively more expensive than conforming loans.
January 14, 2022 / Real Estate

Renter Segmentation and What it Can Tell Us

From RealPage
Demographics is an interesting area of study. After all, it’s fun to learn more about our friends and neighbors, and the lives of people who live and work in other places. Still, what really sets demographics analysis apart is its impact on just about every type of business decision. Most businesses are fundamentally a vehicle to provide goods and services to some type of customer – and a deep and thorough understanding of what that customer needs and wants can guide everything from overall strategic direction to operations to point-of-sale interactions.
January 14, 2022 / Real Estate

U.S. Foreclosure Activity Drops To An All-Time Low In 2021

From Attom Data Solutions
ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its Year-End 2021 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005.
January 12, 2022 / Real Estate

Delinquency Rates Drop for Seventh Consecutive Month in October

From CoreLogic
In October 2021, 3.8% of home mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), which was a 2.3-percentage point decrease from October 2020 according to the latest CoreLogic Loan Performance Insights Report . Comparatively, the overall delinquency rate in October 2019 was 3.7%. The share of mortgages that were 30 to 59 days past due — considered early-stage delinquencies — was 1.2% in October 2021, down from 1.4% in October 2020. The share of mortgages 60 to 89 days past due was 0.3% in October 2021, down from 0.6% in October 2020.
January 12, 2022 / Real Estate

Loan Performance Insights

From CoreLogic
The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through October 2021. 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 11, 2022 / Real Estate

Cross-Country Comparison: Home Rent Growth

From CoreLogic
The U.S. has experienced record annual home-price growth with faster appreciation for detached houses than attached homes. A similar pattern has occurred for rent growth, and that experience is not unique to the U.S. The CoreLogic Single-family Rent Index has found an acceleration in annual rent growth to the highest recorded since the series’ inception in 2005. The double-digit rise of the past year is eight percentage points faster than measured one year earlier. Likewise, the CoreLogic Hedonic Rental Index for Australia has also accelerated a similar amount.
January 11, 2022 / Real Estate

Top 10 U.S. Housing Markets Most Affordable for Renting in 2022

From Attom Data Solutions
According to ATTOM’s just released 2022 Rental Affordability Report, home ownership remains more affordable than renting, even though median home prices have increased more than average rents and more than averages wages in 88 percent of U.S. counties analyzed. ATTOM’s 2022 rental affordability report shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property in 58 percent of the counties analyzed.
January 10, 2022 / Real Estate

Demand for Apartments in 2021 Smashes Previous Record High by 66%

From RealPage
Demand for market-rate apartments in 2021 soared far above the highest levels on record in the three decades RealPage has tracked the market. Net demand totaled more than 673,000 units – obliterating the previous high set in 2000 by a remarkable 66%. Demand would have been even stronger if not for record-low vacancy, severely limiting the number of units available to rent. Strong demand drove up apartment occupancy 2.1 basis points year-over-year to 97.5%.
January 10, 2022 / Real Estate

Location Matters for Life Sciences Properties for Now

From Real Capital Analytics
Investors have been looking to alternative asset classes such as life sciences properties as demand trends for traditional investments like offices and retail face uncertainty. Location may not matter as much moving forward for those traditional asset classes; for life sciences assets though, investors are focusing on specific markets. Location may matter for life sciences assets for now, but not forever. The life sciences sector is heavily dependent on knowledgeable workers trained in arcane matters of biology.
January 7, 2022 / Real Estate

Home Ownership More Affordable Than Renting in Majority of U.S. Housing Markets

From Attom Data Solutions
ATTOM, curator of the nation’s premier property database, today released its 2022 Rental Affordability Report, which shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting. Home ownership remains more affordable even though median home prices have increased more than average rents and more than averages wages in in 88 percent of the counties analyzed.
January 7, 2022 / Real Estate

Apartment List National Rent Report

From Apartment List
Welcome to the first Apartment List National Rent Report of 2022. Our national index fell by 0.2 percent during the month of December, marking the only time in 2021 when rents declined month-over-month. A slight dip in rents at this time of year is typical of seasonality in the market, but it’s especially notable after a year of record-setting growth. Over the course of calendar year 2021, the national median rent increased by a staggering 17.8 percent. To put that in context, annual rent growth averaged just 2.3 percent in the pre-pandemic years from 2017-2019.
January 6, 2022 / Real Estate

2022 Will Be a Record Year for Apartment Construction

From RealPage
More apartments are scheduled to complete in 2022 than in any single year since at least the 1980s. Over 426,000 apartments are under construction and slated to complete in 2022, which is the highest volume on record for the U.S. apartment market in at least 40 years. For comparison, 2021 was also considered a record year for apartment completion volumes in the 150 largest U.S. metros, with deliveries topping 363,000 units. The scheduled volume for 2022 beats the 2021 completion tally by 17% and nearly doubles the long-term average.
January 5, 2022 / Real Estate

Annual U.S. Home Price Hits New Record in November

From CoreLogic
National home prices increased 18.1% year over year in November 2021, according to the latest CoreLogic Home Price Index (HPI®) Report . The November 2021 HPI gain was up from the November 2020 gain of 8.1% and was the highest 12-month growth in the U.S. index since the series began in 1976. The increase in home prices was fueled by low mortgage rates, low for-sale supply and an influx in homebuying activity from investors. Projected increases in for-sale supply and moderation in demand as prices grow out of reach for some buyers could slow home price gains over the next 12 months.
January 5, 2022 / Real Estate

U.S. Home Price Insights

From CoreLogic
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through November 2021 and forecasts through November 2022. 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.
January 4, 2022 / Real Estate

Top 10 U.S. Counties More Affordable Than Their Historic Averages

From Attom Data Solutions
ATTOM’s just released Q4 2021 U.S. Home Affordability Report shows the latest pattern in home affordability – home prices still manageable, but getting less affordable – has resulted in major ownership costs on the typical home consuming 25.2 percent of the average national wage of $65,546. According to ATTOM’s latest home affordability analysis, the percent of wages needed to buy a median-priced single-family home is up from 24.4 percent in Q3 2021 and 21.5 percent in Q4 2020.
December 30, 2021 / Real Estate

Multifamily Permits and Starts Continue Climbing in November

From RealPage
Despite continuing headwinds for multifamily development such as increased labor and material costs, construction delays, and other COVID-related difficulties, the number of multifamily building permits and starts increased again in November. Roughly 560,000 multifamily units were permitted in November’s seasonally adjusted annual rate, according to the U.S. Census Bureau. This was an increase of 6.1% from October and a 15% jump from last year.
December 22, 2021 / Real Estate

Single-Family Annual Rent Growth Hits Sixth Consecutive Record

From CoreLogic
U.S. single-family rent growth increased 10.9% in October 2021, the fastest year-over-year increase in over 16 years\[1\], according to the CoreLogic Single-Family Rent Index (SFRI). The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. The October 2021 increase was more than three times the October 2020 increase, and while the index growth slowed last summer, rent growth is running well above pre-pandemic levels when compared with 2019.
December 21, 2021 / Real Estate

Zoom Towns Attracting Investor Interest

From RealPage
During the COVID-19 pandemic, some small apartment markets have benefited from the trend toward a work-from-home lifestyle. With proximity to a big, expensive workforce hub no longer a necessity, workers have migrated toward Zoom towns, which tend to offer attractive qualify-of-life amenities or more scenic vistas for more affordable prices, leaving remote workers with more disposable income.
December 21, 2021 / Real Estate

The Winners and Losers in the Pandemic? It Came Down to This.

From HotStats
Location ... location ... location. It’s a constant refrain in real estate and, by extension, the hotel industry. The turn of phrase took on a whole new meaning in the wake of the COVID-19 pandemic. Depending on orientation, some hotels thrived, some survived, some shuttered and some didn’t survive. Asset type also had consequence. Full-service hotels situated in downtown locations with ample meeting space and F&B outlets were a victim of circumstance and did not fare well on a profitability continuum.