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The Office of the Chief Economist works on critical research and insights to gauge the temperature of the housing market as a whole. From home price analyses to home equity, from loan performance to single family rent evaluations, they keep tabs on the movement and fluctuation of bellwether metrics that can inform the trajectory of the housing economy–and consequently affect the homeowners who participate in it.
Attached single-family rental price growth slightly outpaced detached price growth in July, a respective 12.6% and 11.9%, moving away from pandemic-era preferences for detached rentals.
In June 2022, 2.9% of mortgages were delinquent by at least 30 days or more including those in foreclosure. This represents a 1.5 percentage point decrease in the overall delinquency rate compared with June 2021.
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties*) have seen their equity increase by a total of over $3.6 trillion since the second quarter of 2021, a gain of 27.8% year over year.
Home prices nationwide, including distressed sales, increased year over year by 15.8% in July 2022 compared with July 2021
Single-family rent prices remain elevated, up 13.4% from one year earlier, but have continued to relax compared with growth seen earlier this year.
In May 2022, 2.7% of mortgages were delinquent by at least 30 days , down by 2 percentage points year over year.