Loan Performance Insights – January 2023
January 26, 2023
While the overall U.S. mortgage delinquency rate declined year over year in November, 18 metros saw at least slight upticks.
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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.
While the overall U.S. mortgage delinquency rate declined year over year in November, 18 metros saw at least slight upticks.
Annual single-family rent price growth dropped to the lowest level in a year and a half in November 2022.
Annual home price growth dipped to the lowest level in two years in November 2022.
Both the U.S. mortgage delinquency rate and foreclosure rate remained near historic lows in October.
U.S. single-family rent growth posted an 8.8% year-over-year gain in October, the sixth straight month of annual declines.
U.S. homeowners gained a total of $2.2 trillion in equity in the third quarter, up by 15.8% year over year but down significantly from the second quarter.