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Blog Entries by Frank Nothaft

CoreLogic U.S. Economic Outlook- November 2015

Home Prices Rise Fastest for Most Affordable Homes

Frank Nothaft    |    Mortgage Performance, Videos

Economic Outlook November 2015

Prices have continued to rise at a solid pace for most homes in the U.S. as evidenced by the CoreLogic national Home Price Index (HPITM) which shows that home prices rose more than 6 percent this year through September 2015. But national home price indexes mask important differences in various submarkets, obscuring trends by neighborhood or by value...

CoreLogic U.S. Economic Outlook- October 2015

Homeowners' Equity: Turning a Negative into a Positive

Frank Nothaft    |    Mortgage Performance, Videos

Owners with Negative Equity Falls by 1 Million Over Last Year

Another sign of the housing market’s recovery has been the drop in the number of homeowners with negative home equity over the past year. As of mid-2015, 4.4 million homeowners had a mortgage loan balance that exceeded their home’s value, in other words, they were ‘underwater’....

CoreLogic U.S. Economic Outlook- September 2015

Household Formation Bolsters Housing Recovery

Frank Nothaft    |    Housing Trends, Videos

A stronger pace of household formation has been a missing ingredient needed to bolster the housing recovery. Household formation, which refers to an individual, couple, group or family that forms their own independent living quarters, had been running at very low levels since 2007 but has recently accelerated.

The rate of household formation is affected by two primary...

CoreLogic Chief Economist Perspective- August 2015

Drivers of Home-Price Growth

Frank Nothaft    |    Property Valuation, Videos

The CoreLogic National Home Price Index (HPI) grew 6.5 percent over the 12-month period through June 2015, but the price growth was not uniform across the country. Some cities, like Denver, Naples, FL and San Francisco, had double-digit appreciation, while others such as Baltimore, Boston and New Orleans had prices that were stagnant or declining. Why does home price growth...

Strong Dollar Discourages Many Foreign Homebuyers in the US

Frank Nothaft    |    Housing Trends

U.S. Dollar Has Appreciated Against Most Currencies

Home sales in the U.S. during the first four months of 2015 have been the best in eight years. Relative to the same period one year ago, sales jumped 9 percent, helped by a drop in fixed mortgage rates of almost one-half a percentage point. However, one group of homebuyers has backed off over the past year: foreign buyers.

The National Association of Realtors reports that the...

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