Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Real EstateAppraisals & Valuations

CoreLogic: Home prices jump 6.6% in May

Affordability predicted to continue declines

Home prices increased in May from last month and last year, an increase that will only continue to rise, according to the CoreLogic Home Price Index and HPI Forecast.

Home prices increased 6.6% nationally from May 2016 to May 2017 and 1.2% from last month, CoreLogic’s HPI showed.

The chart below shows the HPI history over the past 15 years:

Click to Enlarge


(Source: CoreLogic)

“The market remained robust with home sales and prices continuing to increase steadily in May," CoreLogic Chief Economist Frank Nothaft said. “While the market is consistently generating home price growth, sales activity is being hindered by a lack of inventory across many markets.”

“This tight inventory is also impacting the rental market where overall single-family rent inflation was 3.1% on a year-over-year basis in May of this year compared with May of last year,” Nothaft said. “Rents in the affordable single-family rental segment, defined as properties with rents less than 75% of the regional median rent, increased 4.7% over the same time, well above the pace of overall inflation.”

Looking ahead, the CoreLogic HPI Forecast shows home prices will increase 5.3% annually by May 2018 and 0.9% from May to June.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“For current homeowners, the strong run-up in prices has boosted home equity and, in some cases, spending,” CoreLogic President and CEO Frank Martell said. “For renters and potential first-time homebuyers, it is not such a pretty picture.”

“With price appreciation and rental inflation outstripping income growth, affordability is destined to become a bigger issue in most markets,” Martell said.

Most Popular Articles

How the Delta variant may impact the housing market

How should you look at data on the housing market to tell if things are returning to normal? HousingWire’s lead analyst answers. HW+ Premium Content

Jul 29, 2021 By

Latest Articles

Biden announces new CDC eviction limits

The Centers for Disease Control on Tuesday issued new limits on evictions for non-payment of rent or mortgage through October 3, 2021.

Aug 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please