Tag Archives: CoreLogic

While HELOC activity surged in 2022, a new report from CoreLogic showed that demand slowed significantly in the first half of this year as Freddie Mac revealed the average 30-year fixed-rate mortgage reached its highest level in over two decades.

CoreLogic economists attribute June’s small bump in price growth to an economic rebound, a boost in the jobs market, and strong consumer spending.

Former CoreLogic Chief Human Resources Officer joins loanDepot to manage all aspects of the company’s human capital function.

While single-family rental cost gains rose 3.4% year-over-year in May, a new CoreLogic report finds the overall rate of increase has returned to pre-pandemic levels recorded between 2010 and 2019.

Occupying nine of the top 10 spots of the nation’s most expensive housing markets, the Golden State led the way in a CoreLogic study, driven by tech hubs, outdoor amenities, weather, and a strong economy.

Selma Hepp, Chief Economist for CoreLogic, said, “Elevated mortgage rates and high home prices are putting pressure on potential buyers. These dynamics are cooling recent month-over-month home price growth.”

Among mortgage originations exceeding $1 million in April 2023, adjustable-rate mortgages comprised nearly 50% of the dollar volume, representing a six percentage-point increase from a year earlier.

Molly Boesel, Principal Economist for CoreLogic, noted, “While early delinquencies for 2022 mortgage originations are about the same rate as those in other rising interest-rate environments, loans with low down payments are exhibiting comparably higher-than-usual early delinquencies.”

"The U.S. housing market continued to strengthen in April 2023," says Craig J. Lazzara, Managing Director at S&P DJI. "Home prices peaked in June 2022, declined until January 2023, and then began to recover.

CoreLogic’s Chief Economist Selma Hepp said, “While homeowners in some areas of the country who bought a property last spring have no equity as a result of price losses, forecasted home price appreciation over the next year should help many borrowers regain some of that lost equity.”