from CoreLogicThe Single-Family Rent Index (SFRI) shows a national rent increase of 3.7% year over year, up from a 2.8% year-over-year increase in November 2019. Annual rent growth slowed in the early months of the pandemic - from February through June - but then steadily picked up in November, which was the highest annual growth since June 2016.
CoreLogic
® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for October 2020. On a national level, 6.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 2.4-percentage point increase in the overall delinquency rate compared to October 2019, when it was 3.7%. Notably, serious delinquency is over three times that of October 2019, but down from the previous two months.
CoreLogic National Overview of Mortgage Loan Performance, featuring October 2020 Data (Graphic: Business Wire)
To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency, including the share that transitions from current to 30 days past due. In October 2020, the U.S. delinquency and transition rates, and their year-over-year changes, were as follows:
from CoreLogicThe Loan Performance Insights Report for October 2020. On a national level, 6.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 2.4-percentage point increase in the overall delinquency rate compared to October 2019, when it was 3.7%. Notably, serious delinquency is over three times that of October 2019, but down from the previous two months.
CoreLogic
® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI
™) and HPI Forecast
™ for November 2020. Nationally, home prices increased 8.2% in November 2020, compared with November 2019, marking the largest annual appreciation since March 2014. On a month-over-month basis, home prices increased by 1.1% compared to October 2020.
CoreLogic National Home Price Change and Forecast; November 2020 (Graphic: Business Wire)
Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks continued across the country, which delayed some sellers from putting their homes on the market.
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