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April 2017 Archives

U.S. Economic Outlook: April 2017

Effect of Higher Mortgage Rates on Homeowner Mobility: Higher mortgage rates may slow homeowner re-sale volume

Frank Nothaft    |    Videos



Interest rates on fixed-rate mortgages are up nearly three-quarters of a percentage point from last summer, and most economists are expecting mortgage rates to gradually move higher.  Higher interest rates lessen home-buyer affordability and will lead to a substantial drop in refinance originations.  And higher rates can also affect other aspects of the...

Is it Tight Underwriting or Too Few Applicants with Less-Than-Perfect Credit?

Comparing Mortgage Applications and Originations by Credit Score Distribution

Archana Pradhan    |    Housing Trends


In a blog series CoreLogic published last year, we observed that there were far fewer low credit score applicants in 2015 than in 2005....

The More, The Merrier

Homebuilders Are Building Larger Homes on Smaller Lots

Bin He    |    Housing Trends


The housing market is hot this spring with many families trying to buy their dream home or first home before interest rates become too high, and yet housing inventory is still low. The inventory has been low for the past few years, and is one of the main factors that drive home prices higher and higher in many areas across the United States. CoreLogic Chief Economist Frank Nothaft previously...

Home Price Index Highlights: February 2017

National Home Prices Increased 7 Percent Year Over Year in February 2017

Molly Boesel    |    Property Valuation

  • Home prices forecast to rise 4.7 percent over the next year.
  • Prices in 27 states have risen above the pre-crisis peaks.
  • Adjusting for inflation, home prices are still 19.3 percent below their peak.

National home prices increased 7 percent year over year in February 2017, according to the latest...

Home Price Index Audio Clip: February 2017

National Home Prices Increased 7 Percent Year Over Year in February 2017

Molly Boesel    |    Audio


The CoreLogic HPI for February 2017 showed that national home prices appreciated 7 percent from a year ago and were 3.8 percent below the 2006 peak. The HPI is expected to increase 4.7 percent over the next year. The year-over-year increase of 7 percent includes inflation, and inflation has been creeping up since the end of last year, rising by 2.4 percent year over year in February....