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 […]
Real estate remains a top choice for long-term investments.
Americans Choose Real Estate as Best Investment for the 12th Year in a Row As we mentioned last month, Keeping Current Matters has once again highlighted the fact that for the 12th consecutive year, more Americans prefer real estate as a long-term investment over other options. This trend underscores the enduring appeal and reliability of […]
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 […]
The Influence of the Location of a Grocery Store on Housing Prices
Did you know that having a Trader Joe’s or an ALDI near your property could potentially increase its ROI? This information comes from ATTOM Data’s recent report “8 Ways Neighborhood Data Influences Property Values and Real Estate Decisions.” Keep that in mind when stocking your pantry! Stay safe and have a Happy Friday! [Link to […]
The Pacific Legal Foundation is seeking a review by Michigan’s Supreme Court of an unconstitutional tax foreclosure scheme.
The Pacific Legal Foundation recently announced that a Michigan mother has appealed to the Michigan Supreme Court to uphold her constitutional right to fair compensation after her home was foreclosed on by Manistee County, sold, and the county kept $102,636 more than she owed. Chelsea Koetter, a single mother of two, fell behind on her […]
August 2024 Mortgage Market Update
According to the most recent ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies saw a significant spike in June, increasing by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. However, the number of loans in active foreclosure reached the lowest point since the end of COVID-era moratoria. The ICE Mortgage […]
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 […]
Pending home sales saw a 4.8% increase in the month of June.
The National Association of Realtors has reported a 4.8% increase in pending home sales in June 2024. The Pending Home Sales Index, based on contract signings, reached 74.3 in June, with all four U.S. regions seeing an increase in transactions. The chief economist at NAR, Lawrence Yun, noted that the rise in housing inventory has […]
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 […]
Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade
Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family […]