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CoreLogic: Mortgage Delinquency Rate Fell Nearly 2 Percentage Points In April - Vimarsana News

CoreLogic: Mortgage Delinquency Rate Fell Nearly 2 Percentage Points In April

CoreLogic’s April 2022 Loan Performance Insights Report, released Tuesday, found 2.9% of all mortgages in the U.S. were in some stage of delinquency, meaning 30 days or more past due, including those in foreclosure.  This number represents a 1.8 percentage point decrease compared to 4.7% in April of last year. All states and metro areas posted annual declines in their overall delinquency rates for the month of April.

Goldman: 3 Reasons Why the Housing Shortage Will Last for Years - Vimarsana News

Goldman: 3 Reasons Why the Housing Shortage Will Last for Years

Housing supply is currently at its lowest level since the 1970s. Goldman Sachs said the shortage could last for years due to millennial homebuying and fewer starts. There also won't be enough foreclosures to make a meaningful impact on the market, the bank says.  Supply for homes can't keep up with demand. At a point when the country badly needs more houses, housing starts fell 9.5% in April, and Goldman Sachs doesn't see the cavalry arriving soon. A May 2 note from Goldman's Ronnie Walker found that new home sales and housing starts have reached their highest levels since 2006, and housing ...