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Frank Nothaft Vlog

May 7, 2021

A Comparison of Stock and Home Price Growth

Stock market values have risen more than home prices, but are more volatile too This month marks the 125th anniversary of the Dow Jones Industrial Average, a stock-value metric for 30 blue-chip U.S. companies. There are very few assets that have such a long valuation history, and fortunately sing...

April 13, 2021

Did Low Interest Rates Really Make Homes Cheaper?

Cash needed to buy and monthly mortgage payment are two dimensions of affordability This season home seekers are faced with both opportunities and challenges.  An opportunity is low-cost financing, a challenge is the high level of home prices.  Mortgage rates and home prices affect two ...

March 11, 2021

Pandemic: A One-Year Look Back

Pandemic derailed the spring buying season, but single-family activity rebounded Summary: Places with larger job loss also had a larger increase in home-mortgage past-due rates. Average home equity rose to a record level by year-end 2020, enabling a rise in home remodeling spending to an all-time...

February 8, 2021

New Home Outlook: Sales Expected to Rise in 2021

Dallas and Houston metro areas had the most new-home settlements in 2020 The construction of new homes is important to meet the shelter needs of America’s expanding population. CoreLogic public records data show that closings on single-family new-home sales were up 12% year-over-year in the six m...

January 11, 2021

Rental Market: Tenant Mobility, Rents and Property Prices

Tenant moves slowed early in the pandemic and have rebounded Applications for rental homes fell sharply early in the pandemic and have rebounded. Apartment building rents fell in the third quarter, whereas single-family rents continued to rise. Multifamily property values fell 10% on average acro...

December 3, 2020

Three-Year Housing and Mortgage Outlook

December 2020 Economic Outlook 30-year fixed-rate loans to remain below 3% during early 2021 and average about 3.2% during the next three years. Millennials will add substantial demand for housing over the next few years. Home prices projected to rise in most metro areas, albeit slower than in re...

November 12, 2020

Pending Sales Provide a Short-term Price Forecast

November 2020 Economic Outlook The CoreLogic Home Price index has reported quickening appreciation in home values since May, and in September annual price growth was more than two percentage points faster than one year earlier. The acceleration in price growth reflected a demand and supply imbala...

October 16, 2020

Home Sales in a Pandemic: An International Comparison

October 2020 Economic Outlook The World Health Organization declared COVID-19 a global pandemic on March 11. By mid-March, shelter-in-place orders were issued across many nations. While each of us may think about how it has affected our own local neighborhood, it has also affected communities acr...

April 16, 2020

Podcast – Frank Nothaft on “Complexity Simplified” with Dr. A...

BY FRANK NOTHAFT HOUSING AFFORDABILITY, REAL ESTATE In this podcast posted April 7, 2020, Frank Nothaft, the chief economist of CoreLogic, describes the impact to single family transaction volumes and US regional home price trends as the COVID-19 pandemic begins to take hold. Albert Lee, Summit C...

March 17, 2020

HECMs: Programmatic Issues

Over-appraisal, under-maintenance, tax/fee nonpayment and LIBOR sunset One goal of a reverse mortgage is to help elderly homeowners convert part of their home equity into a monthly income supplement.  Since the Great Recession, the Home Equity Conversion Mortgage, or HECM, has been the prima...

March 12, 2020

Podcast – Frank Nothaft on The Real Wealth Show with Kathy Fettke

Analyzing the housing market can be complicated. There are so many opinions on issues that impact investors including which are the best markets, single-family versus multi-family investing, housing inventory, demographic shifts, renter preferences, mortgage rates, the strength of the U.S. econom...

July 10, 2019

Wildfires and Housing Markets

CoreLogic Economic Outlook: July 2019 June marked the beginning of the Atlantic hurricane season and the start of another arid summer in the West.  More than 500,000 acres have been burned by wildfires during the first six months of 2019, and there is increasing fire risk as the summer progr...