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Despite Coronavirus, U.S. Home Price Growth Accelerated in June

Despite Coronavirus, U.S. Home Price Growth Accelerated in June

Based on CoreLogic's latest Home Price Index for June, U.S. home prices increased by 4.9% in June 2020, compared with June 2019. Month over month, home prices increased 1%, compared with May of this year, the fastest monthly gain for the month of June since 2013. Read More »


The Calm Before the Coming Coronavirus Foreclosure Storm in U.S.

The Calm Before the Coming Coronavirus Foreclosure Storm in U.S.

Record low 165,530 U.S. foreclosure filing recorded in first half of 2020, as 13 million evictions loom later this year. Down 44 percent from the same time period a year ago. Read More »

Share of U.S. Mortgages in Forbearance Dips to 7.8 Percent in Mid-July

Share of U.S. Mortgages in Forbearance Dips to 7.8 Percent in Mid-July

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020. Read More »

Single-Family Rent Growth Slows in U.S.

Single-Family Rent Growth Slows in U.S.

In early 2020, in the months leading up to the coronavirus (COVID-19) pandemic and resulting economic crisis, rent price growth had stabilized at an annual average of 3%. However, growth dramatically slowed in May. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated August 4, 2020 9:00 AM ET

Irvine Property News

This represents a 2.5-percentage point increase in the overall delinquency rate compared to March 2020, when it was 3.6 percent.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.

Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year.

According to ATTOM Data Solutions first-quarter 2020 U.S. Home Flipping Report, 53,705 single-family homes and condominiums in the United States were flipped in the first quarter.

U.S. homeowners with mortgages have seen their equity increase by 6.5% year over year, representing a gain of $590 billion since Q1 2019.

Recent U.S. housing data indicate the important role the residential construction industry will play in leading the U.S. economic recovery from the coronavirus pandemic.

1.07 million refinance mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2020 in the United States. That figure was down 16% from Q4 2019.

NAIOP reports this week that it's NAIOP CRE Sentiment Index has dropped below 50 for the first time since its inception.

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020.

U.S. loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91% as of May 3, 2020, almost 4 million homeowners are now in forbearance plans.

The combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.

Based on CoreLogic's latest Home Price Index (HPI) for March 2020, U.S. home prices increased nationally by 4.5% from March 2019.

Sales of newly built, single-family homes fell 15.4 percent to a seasonally adjusted annual rate of 627,000 units in March, coming off a downward revision in February 2020. The March rate is 9.5 percent lower than the March 2019 pace.

3.5% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in January 2020, representing a 0.5 percentage point decline in the overall delinquency rate compared with January 2019.

Property tax analysis of more than 86 million U.S. single family homes in 2019 shows that property taxes levied on single family homes in 2019 totaled $306.4 billion

Home prices increased nationally by 4.1% from February 2019. On a month-over-month basis, prices increased by 0.6% in February 2020.

Liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by COVID-19.

There were a total of 48,004 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions.


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