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Blog Entries by Frank Nothaft

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...

CoreLogic Chief Economist Perspective- July 2015

Rental Remains Robust

Frank Nothaft    |    Housing Trends, Videos

CoreLogic Chief Economist Perspective- July 2015

A vibrant rental market has been an outgrowth of the Great Recession and housing market crash. Apartment vacancy rates are down to their lowest levels since the 1980s, rental apartment construction is the most robust in more than 25 years, rents are up, and apartment building values are at or above their prior peaks. But the rental market is more than just apartments in...

Chief Economist Update: June 2015 Economic Outlook

Home Sales on an Upswing

Frank Nothaft    |    Housing Trends, Videos

The overall economy has provided mixed signals on its performance so far this year, but one thing is clear: Home sales are off to a brisk start through April. We expect house prices in our national index to be up about 5 percent in the next 12 months, and mortgage rates are likely to move higher over the next year.

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