The share of homes purchased by investors peaked last October with the highest monthly percentage observed in CoreLogic data history (26.9%). But by December, the investment surge mirrored house price growth and investor share fell to 20.4%.
The Mountain-West region is the hottest housing market in the country, and according to the S&P CoreLogic Case-Shiller Home Price Index, Phoenix (followed by Denver and Boise) had the fastest year-over-year appreciation.
National home prices soared in 2021, pushed up by strong demand and a limited supply of properties for sale. CoreLogic economist Molly Boesel offers a closer look, including how the numbers stack up when adjusted for inflation.
CoreLogic chief economist Dr. Frank Nothaft discusses recent price indexes showing inflation is at a 40-year high. He looks at how supply chain disruptions have spiked prices in consumer goods and construction costs, and has delayed home completions.
The real savings that many potential buyers expected from record low interest rates were quickly outstripped by the pandemic-fueled housing demand and price increases that followed a temporary market shutdown.
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Mortgage Servicers are under pressure to keep borrower satisfaction high while meeting regulations. Industry expert Neil Armstrong shares some challenges mortgage servicers are seeing and what it will take to make it easier for them to meet borrower and regulator expectations.
The latest edition of CoreLogic’s quarterly analysis of the latest home equity trends of the national, state and metro levels. Data shows U.S. homeowners with mortgages (roughly 62% of all properties) have seen their equity increase by a total of over $3.8 trillion since the Q1 2021, a gain of 32.2% year over year.