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US Recorded 1.7% Decline in Home Equity During Q2

US Recorded 1.7% Decline in Home Equity During Q2

by Phil Hall | Sep 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homeowners with mortgages experienced a 1.7% year-over-year decline in home equity during the second quarter, according to new data from CoreLogic. This decrease represented a collective loss of $287.6 billion and an average loss of $8,300 per borrower. On a...
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

by Phil Hall | Aug 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three new data reports have concluded that more people are taking out mortgages and are willing to pay more for their properties, while fewer people who already own homes are having problems paying back their home loans. Uptick in Lending: ATTOM’s 2023 U.S....
At Least 93 Dead, More Than 2,700 Properties Destroyed in Maui Wildfires

At Least 93 Dead, More Than 2,700 Properties Destroyed in Maui Wildfires

by Phil Hall | Aug 13, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Government officials are estimating that wildfires in Lahaina on the Hawaiian island of Maui killed at least 93 people and destroyed more than 2,700 properties. According to combined media reports, an updated damage assessment issued on Saturday by the Pacific...
Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes

Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes

by Phil Hall | Aug 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Modern building codes are being credited for the roughly 50% decline in post-hurricane mortgage delinquency rates, according to a new report from the Insurance Institute of Business & Home Safety and CoreLogic. The report cited the building codes that emerged in...
Mortgage Delinquency Rate Crashes to All-Time Low

Mortgage Delinquency Rate Crashes to All-Time Low

by Phil Hall | Jul 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. mortgage delinquency plummeted to a historic depth, according to new data from CoreLogic that determined 2.6% of all mortgages were in some stage of delinquency during May. This is down from 2.8% in April and 2.7% in May 2022. During May, early-stage...
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