Follow Insights Blog


CoreLogic Econ


February 2017 Archives

Wayne County Foreclosures Fall Sharply

Annual Auction Still Visible In National Numbers

Molly Boesel    |    Property Valuation


Each September Wayne County, Mich., experiences a spike in completed foreclosures as a result of an annual auction of tax-delinquent properties. The tax foreclosure process is lengthy (owners of the foreclosed properties are typically delinquent on property taxes for three years) and Michigan state law requires the auction of the foreclosed properties. The number of tax-delinquent properties...

Notes from The Hill: HUD Nominee Confirmation Hearing

Carson Up to Speed on Key Native American Housing Act

Russell McIntyre    |    Housing Policy


The Department of Housing and Urban Development (HUD) distributes more than $700 million a year in housing assistance to the nation’s American Indian tribes and administers loan programs that have guaranteed more than $5 billion in mortgage money for Native Americans. The Secretary-designate of HUD demonstrated he has a working knowledge of this niche of the agency at his recent...

U.S. Economic Outlook: February 2017

63.4% Homeownership Rate in 2016 Was Lowest Since 1966

Frank Nothaft    |    Videos



The erosion of homeownership has been one legacy of the housing boom-and-bust of the last decade. The homeownership rate peaked at 69 percent in 2004, inflated by relatively easy mortgage credit primarily provided by subprime and low/no-doc loan products. The drop in homeownership continued through 2016, with the homeowner rate just a tad above 63 percent,...

Home Price Index Highlights: December 2016

National Home Prices Increased 7.2 Percent Year Over Year in December 2016

Molly Boesel    |    Property Valuation

  • Home prices forecast to rise 4.7 percent over the next year.
  • Home prices rose 5.6 percent for full year 2016.
  • Adjusting for inflation, home prices are still 18.6 percent below their peak.

National home prices increased 7.2 percent year over year in December 2016, according to the latest...

Home Price Index Audio Clip: December 2016

National Home Prices Increased 7.2 Percent Year Over Year in December 2016

Molly Boesel    |    Audio


The CoreLogic Home Price Index ended 2016 with strong gains. The December HPI rose 7.2 percent from a year ago, and the full-year 2016 HPI was up 5.6 percent over full year 2015. The HPI is closing in on the 2006 peak, and is only 3.9 percent below that value. The HPI excluding distressed sales has now completely recovered from the housing crisis, once again reaching the...