Home / Archives for Archana Pradhan
Archana Pradhan holds the position of principal, economist as part of the Office of the Chief Economist at CoreLogic. With years of experience in housing economics, applied econometrics and spatial analysis, she is responsible for analyzing housing and mortgage markets.
Prior to joining CoreLogic, she was program manager and senior research analyst at the National Community Reinvestment Coalition. She earned her doctorate in natural resource economics from West Virginia University.
During the pandemic, more people moved out of expensive metros in search of affordability, outdoor amenities and warmer weather. However, homebuyers’ location choice may shift again.
The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report
In addition to younger Millennials, Gen Z members are also likely to fuel the demand for housing over the next couple of years, especially if affordability improves.
Home equity lines of credit (HELOCs) and home equity loans are gaining popularity as homeowners seek to tap their accumulated equity.
After down payment amounts barreled downward during the housing crisis of the Great Recession, they have since steadily increased. Recently, the pandemic incited a surge that has led to record highs.
Demand for second homes surged after the onset of the COVID-19 pandemic nearly doubling the pre-pandemic demand level in late 2020.
