×
The email you entered is not valid.
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.

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

December 2, 2022 / Real Estate

How is the U.S. Homeownership Rate Climbing to 11-Year Highs?

From RealPage
One of the great housing myths is that the homeownership rate in the U.S. is going down due to higher home prices, higher mortgage rates and increased investor purchases of single-family homes. But the data just does not support the narrative. Homeownership continues to climb, reaching 66% in 2022’s 3rd quarter, which marked the highest level since 2011 (excluding the blip of 2020, when the Census had data collection problems due to the pandemic).
December 1, 2022 / Real Estate

Single-Family Still Dragging Down Residential Construction

From RealPage
The annualized rate of single-family permits and starts continues to tumble, according to the U.S. Census Bureau’s monthly report. Single-family permitting has declined for eight consecutive months, from an annualized rate of 1.2 million homes in February of this year to just 839,000 units in October. Year-over-year, single family permitting is down more than 22%. Additionally, single-family starts have also been declining since February, to an annualized rate of 855,000 units, about 21% below last year.
December 1, 2022 / Real Estate

Apartment List National Rent Report

From Apartment List
Welcome to the December 2022 Apartment List National Rent Report. Our national index fell by 1 percent over the course of November, marking the third straight month-over-month decline, and the largest single month dip in the history of our index, going back to 2017. The timing of the recent cooldown in the rental market is consistent with the typical seasonal trend, but its magnitude has been notably sharper than what we’ve seen in the past, suggesting that the recent swing to falling rents is reflective of a broader shift in market conditions beyond seasonality alone.
November 22, 2022 / Real Estate

The Five Largest Apartment Transactions in 3rd Quarter 2022

From RealPage
Rising interest rates have dampened apartment investment activity, but sales remain solid. Though current sales were below the peak from three quarters ago, transactions have remained at 20-year highs for much of the past two years.
November 21, 2022 / Real Estate

St. Louis Holds on to Apartment Demand and Rent Growth

From RealPage
The St. Louis apartment market continued at its typically stable pace in 3rd quarter, holding onto demand and logging historic rent growth while fundamentals softened in many markets in the U.S. Just like what was seen across much of the nation, demand faded in St. Louis in 3rd quarter 2022. However, this typically stable Midwestern market maintained positive absorption in the July to September time frame, logging demand for just 171 units.
November 18, 2022 / Real Estate

Steep Drop In Mortgage Lending Continues Across U.S. In Third Quarter, Hitting Three-Year Low

From Attom Data Solutions
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.97 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of 2022 in the United States. That figure was down 19 percent from the second quarter of 2022 – the sixth quarterly decrease in a row – and down 47 percent from the third quarter of 2021 – the biggest annual drop in 21 years.
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 9, 2022 / Real Estate

Loss to Lease is Plunging, Suggesting Renewal Rent Growth Will Cool Off

From RealPage
Last week, Federal Reserve Chair Jerome Powell dove into the debate over rent inflation and suggested that while new lease rent growth is slowing, “there’s still some significant (rent) increases coming” via cheaper lease renewals hiked up to market level. But RealPage data show that’s NOT exactly true for market-rate apartments. U.S. apartments plunged back to the long-term average in “loss to lease” – which means the runway for renewal lease rents will significantly narrow going forward.
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 7, 2022 / Real Estate

October’s Rent Cut Ranks as Third Largest Since 2010

From RealPage
U.S. apartment rents cooled for a second straight month behind weak demand. October’s cut ranked as the third largest since 2010, topped only by the COVID-era lockdown period of April and May 2020. Same-store effective asking rents for market-rate apartments dropped 0.6% in October. Cuts are seasonally common in September and October, but 2022’s reductions are notable – even if not terribly surprising – for a couple reasons. First, normal seasonal patterns have been obscured since COVID hit in 2020.
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 3, 2022 / Real Estate

Multifamily Taking Larger Share of Total Housing

From RealPage
Since the beginning of 2022, multifamily building permits and starts have comprised a larger share of total residential construction, according to the U.S. Census Bureau’s monthly report. Single-family permitting has declined for six consecutive months, from an annualized rate of 1.2 million homes in February of this year to just 872,000 units in September. Year-over-year, single family permitting is down more than 17%. Meanwhile, multifamily permitting has remained fairly steady, averaging 634,000 units since January and reaching an annualized rate of 644,000 units in September – up 25.5% from September 2021.
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.
November 1, 2022 / Real Estate

Apartment List National Rent Report

From Apartment List
Welcome to the November 2022 Apartment List National Rent Report. Our national index fell by 0.7 percent over the course of October, marking the second straight month-over-month decline, and the largest single month dip in the history of our index, going back to 2017. These past two months have marked a rapid cooldown in the market, but the timing of that cooldown is consistent with a seasonal trend that was typical in pre-pandemic years. Going forward it is likely that rents will continue falling in the coming months as we enter the winter slow season for the rental market.
October 31, 2022 / Real Estate

Apartment Investment in Sun Belt Markets Still a Bargain

From RealPage
Ask anyone on the acquisitions side of the table who is active in the nation’s Sun Belt set of markets and they’ll be among the first to tell you how much more competitive the landscape is today than ten or even five years ago. This increase is something of a double edge sword. From one perspective, the rise in attention has increased liquidity within the region among other positive factors. From another perspective though, it means rising purchase prices and generally tighter cap rates.
October 28, 2022 / Real Estate

Record Apartment Construction Volumes Across the U.S.

From RealPage
In about a third of the nation's largest apartment markets, there have never before been this many units under construction. Over 917,000 units are currently under construction across the U.S., which will increase the nation’s existing apartment base by 4.9%, according to 3rd quarter data from RealPage Market Analytics. This is one of the biggest volumes the nation has ever seen (bested only by the 924,000 units that were under way just one quarter ago).
October 28, 2022 / Real Estate

Why the voter turnout gap between renters and homeowners may finally be narrowing

From Apartment List
With the 2022 midterm elections in less than two weeks, economic issues are taking center stage. Throughout this year, inflation has been running at its hottest pace in four decades, and there are growing fears that the Fed’s efforts to push back could induce a recession in the year ahead. Skyrocketing housing costs have been a key component of inflation, and one that could constitute a wedge issue between renters and homeowners. Most homeowners are locked into fixed monthly mortgage payments, and for those that already owned at the start of the pandemic, quickly rising home values have been primarily experienced as a boon to their net worths.
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 20, 2022 / Real Estate

The Evolution of the Detroit Apartment Market

From RealPage
Detroit’s apartment market has made notable progress in recent years, evolving into a period of rapid growth after decades of turmoil. While demand has recently slipped, Detroit is preparing for an economic future that can sustain strength in a time of change. First, a history lesson. Roughly 20 years ago, Detroit’s housing market felt abandoned. Single-family homes were going for cents on the dollar.
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.