CoreLogic’s latest report on US home prices for September 2024 reveals a continued upward trend in the housing market.
CoreLogic Home Price Insights Report: July 2024 According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.3% in July 2024 compared with July 2023. On a month-over-month basis, home prices grew by 0.01% in July 2024 compared with one year ago. CoreLogic says […]
WHO IS TO BLAME FOR HIGH HOME PRICES?
Home prices are high, but who (or what) is to blame? It’s not just one factor that makes home prices high…. It’s a lot of factors that all work in tandem to support a housing market that is by design to be robust. Have these factors led to a housing bubble? What or who has […]
No Bubble to Burst: The Inflation-Driven Rise in Home Prices
The distinction between home value appreciation and inflation-induced price increases. What is the inflation impact? Economic insights explaining why we might not be heading towards a dramatic fall in home prices. How current inflation rates are uniquely impacting the housing market. What are the inflation effects on the economy. This video is a must-watch for […]
CoreLogic reports that the housing market activity came to a standstill at the close of spring.
According to the most recent CoreLogic Home Price Insights (HPI) report, home prices in the U.S. saw a year-over-year increase of 4.7% in June 2024 compared to June 2023. Month-over-month, there was a 0.3% growth in home prices in June 2024 compared to May 2024. This marks the 149th consecutive month of year-over-year home price […]
S&P CoreLogic Case-Shiller surpasses last month’s record high.
The most recent report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.9% annual increase in May 2024. The 10-City Composite saw a 7.7% increase, while the 20-City Composite saw a 6.8% increase year-over-year. According to Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones […]
In June, home purchases experienced the highest rate of falling through on record.
According to a recent report from Redfin, home purchases in June experienced the highest rate of cancellations on record, with 56k home-purchase agreements being canceled, equal to 14.9% of homes that went under contract that month. The report attributes this trend to higher housing costs causing buyers to get cold feet. Additionally, the median home […]
FHFA Says Home Prices Up 6.3% from Last Year
According to the most recent Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices increased by 0.2% in April. Additionally, there was a 6.3% increase in house prices from April 2023 to April 2024. The FHFA HPI is a comprehensive collection of public house price indexes that track changes in single-family home values […]
Existing Home Sales Down Slightly in May
[ad_1] The National Association of Realtors has reported a 0.7% decrease in existing home sales in May, with a total of 4.11 million homes sold at a seasonally-adjusted annual rate. This marks a 2.8% decline compared to the previous year. Inventory levels have increased, with 1.28 million units available at the end of May, representing […]
CoreLogic Says Single-Family Home Price Appreciation was 5.3% in April
[ad_1] According to the most recent CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, rose by 5.3% year over year in April 2024, which is consistent with March. However, CoreLogic predicts that by Spring 2025, national price gains will slow to 3.4%, with only a few states seeing increases of more […]
ICE Mortgage Monitor – June 2024
According to the latest ICE Mortgage Monitor (formerly Black Knight), the national delinquency rate eased to 3.09% in April, a 22 basis point improvement over last year. In addition, they report that delinquencies fell to their lowest level since the record low of March 2023. The ICE Mortgage Monitor provides a view of the current […]