Loan Performance Insights – August 2022
In May 2022, 2.7% of mortgages were delinquent by at least 30 days , down by 2 percentage points year over year.
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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.
In May 2022, 2.7% of mortgages were delinquent by at least 30 days , down by 2 percentage points year over year.
Home prices nationwide, including distressed sales, increased year over year by 18.3% in June 2022 compared with June 2021
Annual U.S. single-family rent growth remained at a record high in May 2022, posting a 13.9% increase from May 2021. This growth matched April’s increase, representing the first time that price growth did not accelerate from the previous month since January 2021. Sustained high rent prices are partially due to a robust labor market, with the national unemployment rate at 3.6% in May, down by 2.2 percentage points on an annual basis and the lowest recorded since before the start of the (coronavirus) COVID-19 pandemic.
In April 2022, 2.9% of all mortgages were delinquent by at least 30 days, down by 1.8 percentage points year over year.
Home prices nationwide, including distressed sales, increased year over year by 20.2% in May 2022 compared with May 2021
U.S. single-family rent growth continued its hot streak in April, with prices up by 14% year over year, the 13th consecutive month of record-breaking annual gains.