Home Prices Reached Highest Annual Growth Since 1979
The June 2021 HPI gain was up from the June 2020 gain of 4.5% and was the highest year-over-year gain since 1979.
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Molly Boesel holds the position of principal, economist in the Office of the Chief Economist at CoreLogic. She is responsible for analyzing and forecasting housing and mortgage market trends. She has a depth of expertise in mortgage market analysis, model development and risk analysis in the housing finance industry.
Boesel previously worked at both Fannie Mae and Freddie Mac. While at Fannie Mae she provided Fannie Mae’s official monthly forecast for the economy, housing market, and mortgage market stocks and flows, and provided analyses on trends in the mortgage market, including characteristics of borrowers, homeowners, and mortgage products. She earned her bachelor’s degree in economics from James Madison University and her master’s degree in consumer economics and housing from Cornell University.
The June 2021 HPI gain was up from the June 2020 gain of 4.5% and was the highest year-over-year gain since 1979.
U.S. single-family rent growth increased 6.6% in May 2021, the fastest year-over-year increase since at least January 2005[1], according to the CoreLogic Single-Family Rent Index (SFRI).
As home prices soar in 2021, many comparisons are being made between the current housing environment and the one in 2006. However, despite recent double-digit home price appreciation, the mortgage payment to purchase a home is substantially more affordable than it was 15 years ago.
The nation’s overall delinquency rate was 4.7% in April. All but one state logged an annual decrease in the overall delinquency rate.
National home prices increased 15.4% year over year in May 2021, according to the latest CoreLogic Home Price Index Report. This was the highest year-over-year gain since November 2005.
U.S. Single-Family Rents Up 5.3% Year Over Year in April Single-family rents increased at the fastest rate in nearly 15 years in April. Rent growth