Home Value

February 23, 2021

U.S. S&P CoreLogic Case-Shiller Home Price Index Finishes the Y...

Home prices up 10.4% in December as buyer competition reached new highs With a full year of data, S&P CoreLogic Case-Shiller Index once again proved that 2020 was an unprecedented year in many ways, especially for the housing market. In December, the index surged at 10.4% – the first double-d...

February 12, 2021

More than 80% of Forbearances Are in the Second Phase and Approachi...

Accumulating Missed Payments Pose Challenges to Affordable Post-Forbearance Resolutions As the pandemic wears on, the nation’s unemployment rate remains at elevated levels. With unemployment rate at 6.7% at the end of 2020, millions of people have likely been out of work for as long as nine month...

February 2, 2021

Home Prices Topple Expectations, Surging at the End of 2020

Home Price Index Highlights: December 2020 National home prices increased 9.2% year over year in December. Home price gains averaged 5.7% in 2020 up from of 3.8% in 2019. Annual price increases are expected to slow during 2021 from an average of 9% in the first quarter to 4% in the fourth quarter...

January 26, 2021

U.S. Case-Shiller Home Price Index Hits Yet Another New High

With home buying season turned on its head, home prices are up 9.49% in November Housing continued to exceed expectations, even during the early winter months when demand tends to cool down. With existing home sales up over 20% from a year ago, S&P CoreLogic Case-Shiller Index clocked a 9.49%...

January 22, 2021

What Can We Learn About Property Valuation from Social Media?

The Application of Social Network Graph Analysis in Comparable Selection An automated valuation model (AVM) provides an estimate of market value for the subject property at a specified point in time. Most AVM methodologies use comparable properties recently sold to value the subject property, ide...

January 5, 2021

Home Prices Surged as Demand Remained Strong

Home Price Index Highlights: November 2020 National home prices increased 8.2% year over year in November. Home prices are forecast to slow to a 2.5% increase from November 2020 to November 2021. National home prices increased 8.2% year over year in November 2020, according to the latest CoreLogi...

December 29, 2020

U.S. Case-Shiller Home Price Index Closes 2020 with a Bang

Jumping 8.41%, U.S. home price index strongestsince March 2014 As the last housing market indicator in 2020, the S&P CoreLogic Case-Shiller Index finishes the year on a high note during this trying year. Home purchase activity remained consistently elevated through the end of the year, with s...

December 1, 2020

Annual U.S. Home Price Appreciation in October Fastest Since April ...

Home Price Index Highlights: October 2020 National home prices increased 7.3% year over year in October. Home prices are forecast to slow to a 1.9% increase from October 2020 to October 2021. National home prices increased 7.3% year over year in October 2020, according to the latest CoreLogic Hom...

September 23, 2020

The Recovery of Home Appraisals on Par with Home Sales despite Appr...

Whether mortgage investors expand or reduce appraisal waivers after the pandemic remains an open question In the wake of the COVID-19 pandemic, purchase-loan appraisals took a blow from disruptions inflicted upon homebuying and selling activities under nationwide lock-down and social distancing r...

August 28, 2020

Almost a Third of Metropolitan Areas at High Risk of Home Price Dec...

August 27, 2020 | 12:26PM ET Selma Hepp, Deputy Chief Economist Following the longest period of economic growth in the U.S., the onset of the COVID-19 pandemic led to a decline in economic activity and a resultant recession. According to the National Bureau of Economic Research, February 2020 mar...

November 13, 2019

Special Report: Amazon HQ2 and the Washington, DC Metro Housing Market

The Amazon HQ2 Announcement: Have Housing Prices Changed a Year Later? On November 13, 2018, Amazon stunned the news cycle by announcing that it was choosing not one, but two sites for the location of its second headquarters (HQ2): Arlington County, Virginia, at Crystal City, and Queens, New York...

December 1, 2017

How Much Is Your Home’s Collateral Value?

Traditional Appraisal and Automated Valuation Models Don’t Always See Eye to Eye Recently the two government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced plans to waive the requirement of a professional appraisal on qualified purchase loans with a loan-to-value ratio at or be...