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August 2017 Archives

U.S. Economic Outlook: August 2017

Foreign Buyers and Home-Price Growth: 15% nonresident foreign buyer tax enacted in Toronto and Vancouver

Frank Nothaft    |    Videos

 

Major cities have been the entry gateway for immigrants to both the U.S. and Canada.  Today, about 13 percent of the U.S. population and 21 percent of the Canadian population is foreign born.  In Miami, New York, Los Angeles, and San Francisco, more than one-third of the population is foreign born. Immigrants to Canada have concentrated in the Toronto metro area, with...

US Single-Family Rents Up 2.8 Percent Year Over Year in June

Low-Cost Markets Logged Significantly Higher Rent Growth

Shu Chen    |    Housing Trends

 
  • National rent growth decelerated in June 2017 compared with June 2016
  • Low-end rent growth more than doubled high-end rent growth
  • Orlando had the highest year-over-year rent growth in Q2

Single-family rents, as measured by the CoreLogic Single-Family Rental Index (SFRI), climbed steadily between 2010 and 2016. However,...

How Rising Interest Rates Can Decrease Affordability More Than Home Price Increases

CoreLogic ‘Typical Mortgage Payment' Index Measures Relative Affordability Over Time

Andrew LePage    |    Housing Trends

 

Rising home prices and relatively stagnant wage growth have combined to create affordability headwinds for many Americans. Until recently, however, historically low mortgage interest rates have been one of the few tailwinds helping the average homebuyer. But what will happen now that rates are rising again?

One way to measure the impact of inflation, interest rates and home prices on...

Who Are the Geographic Influencers for Fraud Risk?

California and Maryland are strongest influencers of National Fraud Risk

Bret Fortenberry    |    Mortgage Performance

 

CoreLogic has determined the regions of the U.S. that have the highest correlation with the National Mortgage Fraud Risk index, based on a tracking score1.  The regions that are most highly correlated with fraud risk are areas that will be the best predictors of nationwide mortgage fraud.  In fact, one can look at a few highly correlated regions to predict fraud risk on a...

Loan Performance Insights Report Highlights: May 2017

Foreclosure Rate Nearing Pre-Crisis Level

Molly Boesel    |    Mortgage Performance

 
  • Early-stage delinquencies hovering around 17-year lows
  • The current-to 30-day transition rate edged down in May 2017 from a year earlier
  • New York had the highest delinquency rate of the largest metro areas

In May 2017, 4.5 percent of home mortgages were in some stage of delinquency, down from 5.3 percent a year...