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Blog Entries by Archana Pradhan

Where Are Residents in Los Angeles and Orange Counties Buying Homes?

Net Outward Migration from Los Angeles County to Orange County

Archana Pradhan    |    Housing Trends

In the last blog on recent trends in homebuyer mobility we found that high housing prices in two Northern California counties (San Francisco and Alameda) had been a principal cause of people moving to counties with lower home prices....

Housing Credit Index: Third Quarter 2016

Loans Originated in The Third Quarter Were Higher in Credit Quality Than One Year Ago

Archana Pradhan    |    Mortgage Performance

Overall Housing Credit Index
  • CoreLogic’s Housing Credit Index (HCI) found mortgage loans originated during the third quarter of 2016 continued to exhibit low credit risk versus the previous quarter and one year earlier.
  • The average credit score for homebuyers increased 5 points between the third quarter of 2015 and the third quarter of 2016, rising from 734 to 739.
  • The average DTI...

Where Are Households in High-Cost Markets Buying Homes?

Net Outward Migration from Higher-Priced Counties to Lower-Priced Counties

Archana Pradhan    |    Housing Trends

Net Inflow to SF County During 2016

Home prices in many high-cost areas such as San Francisco, New York City, and elsewhere, have sky-rocketed and become less affordable. A combination of tight supply and high demand (driven by an improving economy and strong job growth) has led to the affordability challenges in these areas. Not all buyers are wealthy or have a high income to afford the rising housing cost in these areas. In...

Comparing Mortgage Credit Variables by Applicant Age

Millennials have the lowest credit scores, and highest LTV and DTI Ratios

Archana Pradhan    |    Mortgage Performance

Avg Credit Score, LTV and DTI Ratio by Generation

Often, young households have less credit history (and sometimes no credit history), limited savings, and lower levels of income because they are just beginning their working careers. In contrast, households near or in retirement generally have an extensive credit history, more savings, but may have a limited fixed income if already in retirement.


Far Fewer Low Credit Score Applicants Than Before Housing Crisis

If Credit Underwriting Has Tightened, Why Have Denial Rates Fallen?

Archana Pradhan    |    Mortgage Performance

Compared with a decade ago, single-family home-purchase originations have declined significantly. There were 11.7 million loan applications for single-family home-purchase mortgages in 2005, which plunged to 3.6 million in 2011 (lowest in the decade), and rose to 4.6 million in 2014. The decline in number of applications from 2005’s peak to 2014 represents an overall drop of 60 percent...