CoreLogic

Southern California's housing market weathered the slowest October in seven years, prompting a debate over where the market is headed.

The lack of housing affordability, caused by rising home prices and mortgage rates, remains a roadblock to homeownership.

Bay Area home sales ground down in October, with seasonal slowing and further indications that buyers are taking a wait-and-see approach before plunging into a record-setting market.

The Woolsey Fire in Southern California destroyed or damaged as much as $6 billion in real estate, a new estimate shows.

The 48,390 homes dubbed at extreme or high risk from the California wildfires burning through the state could cost $18 billion in reconstruction, according to a CoreLogic analysis.

The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic.

Eighty percent of millennials said they plan on moving within the next five years, while nearly three-quarters claim affordability as their biggest hurdle in the buying a home.

Signaling a market in transition amid a surge in new listings, the median price paid for a new or existing Bay Area home or condo last month was $815,000, down 1.8% from August but up 9.3% from September 2017, CoreLogic reported.

All four national title insurance underwriters saw an increase in third-quarter net earnings compared with one year prior even as new orders declined because mortgage origination volume fell this year.

Home prices increased nationally by 5.5% year over year from August 2017, while in the Bradenton-Sarasota-North Port, Fla., region they grew by 3.95%, CoreLogic said.

The mortgage delinquency rate fell to a 12-year low, with declines expected to continue as the unemployment rate stays down, according to CoreLogic.

Destruction from Michael's storm surge and flooding has potential to affect 57,000 homes, with a worst-case total of $13.4 billion in reconstruction cost value, according to CoreLogic's latest estimates.

While digital expansion of the mortgage application process increases convenience, it inherently comes with the downside of heightened fraud risk.

Southern California home sales hit a four-year low this past summer as rising costs and a lack of affordable homes cut into home shoppers' buying power.

Homebuyers saving for a down payment contributed to the slowest rate of August price appreciation in nearly two years; and the market could have even less momentum by next summer.

Home shoppers were feeling beat up this spring, often finding themselves vying with up to a dozen other buyers for limited homes amid soaring prices.

The number of Bay Area homes sold in August plunged by 10% year-over-year due to the scarcity of affordable homes.

Florence's flooding and wind destruction affected about 700,000 residential and commercial properties across North Carolina, South Carolina and Virginia, according to CoreLogic's latest estimates.

Accessing a mortgage applicants' data from a direct source goes a long ways toward shortening the origination process, according to 96% of mortgage underwriters responding to a recent CoreLogic survey.

While the severity of Florence was reduced prior to Friday morning's landfall, mortgage servicers are taking proactive steps in addressing the emergency situation.