Housing Outlook

August 11, 2022

Interest Rates Are Up But ARM-Backed Home Purchases Are Way Up

Adjustable-rate mortgages (ARMs) are up significantly amid rising interest rates and homebuyers and investors are flocking to ARMs for better affordability and yields.

January 26, 2022

iBuyer Activity in 2021 Doubled from Pre-Coronavirus Levels

In addition to elevated demand for owner-occupied and second homes since the onset of the pandemic, there has also been an increase in investor home purchases across the U.S. housing markets.

December 13, 2021

The Long-View of Housing Appreciation

Is 2021 the hottest real estate market ever? According to the S&P CoreLogic Case-Shiller Home Price Index (HPI), annual U.S. appreciation rates from April to September have been at their highest since the inception of the index. CoreLogic’s public records data shows 2021 is easily on pace to be ...

December 6, 2021

Appraisal Gap Falls as Fast as it Had Previously Risen

The housing market’s recovery in summer 2020 from the outbreak of the pandemic was largely unexpected: by July, despite a high unemployment rate with more than 16.3 million people out of work, home sales rebounded strongly to climb back to pre-pandemic levels and surpassed the same-period sales f...

July 16, 2021

Comparing Two Home Price Booms, Fifteen Years Apart

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.

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...

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...

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...