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LATEST CORELOGIC ECON TWEETS

U.S. Economic Outlook: January 2016

Equity and Mortgage Debt: The Yin and Yang of Property Ownership

Frank Nothaft    |    Mortgage Performance, Videos

CoreLogic Economic Outlook Video January 2016

It’s common for a homebuyer to use both a down payment and a mortgage loan to acquire their home, in other words, a combination of equity and debt. As home prices rise and loans amortize, equity grows and debt shrinks. But if home prices fall, equity can be wiped out, leaving an owner with debt that exceeds the home’s value.

Fortunately, home prices in...

“Typical Mortgage Payment”: A Historical Comparison of the Monthly Payment to Buy a Home

Adjusting for Inflation and Mortgage Rates Adds Perspective

Andrew LePage    |    Mortgage Performance

After several years of gains, home prices in some parts of the country are either approaching a peak or have already set a record this year. San Francisco, Seattle, Boston and Dallas were among the areas that hit new median price highs in 2015. Understandably, this has triggered renewed concerns over the impacts of waning affordability.

However, when viewed from the perspective of the...

Low-End Home Prices are the Fastest Appreciating Segment

National Home Prices up 6 Percent From a Year Ago

Molly Boesel    |    Property Valuation

Year over Year HPI Growth for 25 Highest Appreciating States
  • Home prices including distressed sales increased 6.3 percent year over year in November 2015 and remain 7.3 percent below the April 2006 peak.
  • Colorado had the largest year-over-year HPI growth.
  • The low-price tier increased faster than all other price tiers and is now 2.3 percent above its pre-crisis peak.

National home prices increased by 6.3...

Part 2: How Affordable are Condos?

Affordability Varies with Floor Area

Kristine Yao    |    Property Valuation

In the first part of our condo affordability blog, we examined how affordability varied by location. Some central locations proved to be unattainable for traditional condo buyers seeking affordable options, but what if we also compared housing costs relative to its size, or price per livable square foot? It doesn’t come as a surprise that condos located within the city’s core...

Part 1: How Affordable are Condos?

Affordability Varies By Location

Kristine Yao    |    Property Valuation

Price and shares by distance from city centers for top 25 condo markets

Conventional wisdom tells us that condos are more affordable (in other words, less expensive) than single-family detached homes, making condos a good entry-level option for aspiring millennial homebuyers. However, there are other factors influencing the rising demand. Condos tend to be located in higher-density markets that are attractive to homebuyers wanting walkability and a more urban...

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