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CoreLogic Econ


National Supply of Homes For Sale rises to 6.8 months in January 2016

Some Markets Show Impacts of Low Oil Prices in Their Months of Supply

Shu Chen    |    Housing Trends

Months of Supply by Price Tier

As the U.S. housing market strengthened last year the inventory of homes for sale fell to a post-housing-crisis low. So how is the inventory shaping up early this year? Nationally, the number of homes for-sale equated to a 6.8-month supply[1] in January 2016, up from a 6.5-month supply in January 2015.

Figure 1 breaks out...

Is it Bidding Time Again?

A Third of Homes Sold For the List Price or More in October 2015

Shu Chen    |    Mortgage Performance

The housing market continues to recover from the foreclosure crisis. Home price indexes and home sales are returning to pre-crisis levels, and in some areas prices and sales have reached new highs. With demand strong and inventory thin, the share of homes selling for the list price or more has also returned to pre-bust levels.

With inventory tight, homes are more likely to sell...

National Months’ Supply of Homes For Sale at 5.7 in October 2015

Denver has the lowest months’ supply in October

Shu Chen    |    Housing Trends

Figure 1 Months' Supply By Price Tier

The U.S. home sales market remains strong, and the for-sale inventory remains lean. Nationally, the number of homes for-sale equated to a 5.7 months’ supply1 in October 2015, back down to the pre-housing-crisis level and only a third of its peak in January 2008.

Figure 1 breaks out the months’ supply into four price tiers: low price (0-75 percent of median...

Rent or Buy?

National Price-to-Rent Ratio 5.7 Percent Below Pre-Crisis Peak

Shu Chen    |    Housing Trends

Median Home Prices and Rent Indices

Buying or renting a house is always a big decision for households. It’s also important for millennials who, recently graduated from school, may be moving to a different city to start a career, buy a house and build a family. Just like buying stocks, no one wants to buy a house when the price is high. Seven years after the last housing bubble bust, home prices, especially in the lower...

July 2015 U.S. National Home Prices Increased 6.9 Percent Year Over Year

Low-Price tier 6.1 Percent Above Pre-Crisis Peak

Shu Chen    |    Property Valuation

  • U.S. Home prices including distressed sales increased 6.9 percent year over year in July 2015 and remain 6.6 percent below the April 2006 peak.
  • Fifteen states reached new HPI highs.
  • The low price tier is 6.1 percent above its pre-crisis peak.

CoreLogic reported today that national home prices in July 2015 increased 6.9 percent year over year...