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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.
In the U.S., the cities most vulnerable to climate change are also the ones where home prices are appreciating faster than the national rate.
Millennial first-time homebuyers are most prevalent in the affordable Midwest and costal metros with high-tech job opportunities.
While the share of first-time homebuyers declined throughout much of 2022 due to mortgage rate hikes, it recently rebounded.
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.