Lee County, Florida

CoreLogic: No US States Post Annual Mortgage Delinquency Increases in June

Retrieved on:

Thursday, August 31, 2023

To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.

Key Points:

To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
U.S. mortgage performance remained exceptionally strong in June, with both overall delinquency and foreclosure rates at or near historic lows.
“The national mortgage delinquency rate remained at a historic low in June,” said Molly Boesel, principal economist for CoreLogic.
For example, two Florida Gulf Coast communities continued to post annual increases in serious delinquency rates in June, nine months after the property damage from Hurricane Ian in September 2022.”
No U.S. states posted year-over-year increases in overall mortgage delinquency rates in June.

Redfin Reports Home Listings, Sales Bounce Back in Florida Towns Hit by Hurricane Ian Despite Increasing Climate Risk

Retrieved on:

Friday, July 7, 2023

But in the six months after that, there were 1,314 more new listings than projected, more than offsetting the shortfall.

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But in the six months after that, there were 1,314 more new listings than projected, more than offsetting the shortfall.
To put it another way, the metro had gained 415 more new listings than it had lost by early May.
The Cape Coral-Fort Myers metro area will be referred to as “Cape Coral” for the remainder of this press release.
Other listings do mention Hurricane Ian, and tout the opportunities for builders and homebuyers despite continued storm risk.

Report: Average Renter in Much of U.S. Needs $100,000 Salary

Retrieved on:

Tuesday, June 6, 2023

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At the end of April, the largest salary needed to dodge the rent-burdened label is $131,563 in San Jose, California.

Key Points:

At the end of April, the largest salary needed to dodge the rent-burdened label is $131,563 in San Jose, California.
The average renter also needed to make at least $100,000 a year in New York; Miami; San Francisco; San Diego; Oxnard, Calif; Boston; Los Angeles; Bridgeport, Connecticut; Honolulu; and Riverside, California.
Meanwhile, the least rent-burdened market is Wichita, Kansas, where the average renter needs to make just less than $40,000.
McAllen, Texas is the next least rent-burdened area, requiring an annual salary of less than $48,000.

US Mortgage Performance Ends 2022 on Strong Note, CoreLogic Reports

Retrieved on:

Thursday, February 23, 2023

Professional Services, Data Analytics, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Housing, Delinquent, Publication, Polity data series, CoreLogic, Lee County, Florida, Multimedia, Cryptocurrency, Credit, Commercial property, Self storage, Real estate

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for December 2022.

Key Points:

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for December 2022.
To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
U.S. mortgage delinquency and foreclosure rates remained consistently low throughout 2022 and closed the year in the same way.
Despite 2022’s exceptionally high mortgage performance, 65 U.S. metro areas posted at least slight annual increases in overall delinquency rates in December.

US Mortgage Performance Remains Exceptionally Healthy in November, CoreLogic Reports

Retrieved on:

Thursday, January 26, 2023

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for November 2022.

Key Points:

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for November 2022.
To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
The next CoreLogic Loan Performance Insights Report will be released on February 23, 2023, featuring data for December 2022.
Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company.

Study: Florida Dominates List of Nation’s Most Overvalued Housing Markets

Retrieved on:

Thursday, January 26, 2023

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BOCA RATON Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Florida metros make up six of the 10 most overvalued housing markets in the nation, according to the latest report from researchers at Florida Atlantic University and Florida International University.

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BOCA RATON Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Florida metros make up six of the 10 most overvalued housing markets in the nation, according to the latest report from researchers at Florida Atlantic University and Florida International University.
1, with buyers paying 62.29 percent more than they should, based on the sales history in that market.
The other Florida markets in the top 10 are: No.
The first ranking, in August 2021, had no Florida metros listed in the top 10.

Four in Five Metro Areas Notched Double-Digit Price Gains in Second Quarter of 2022

Retrieved on:

Thursday, August 11, 2022

Eighty percent of the 185 tracked metro areas posted double-digit price gains, up from 70% in the first quarter of this year.

Key Points:

Eighty percent of the 185 tracked metro areas posted double-digit price gains, up from 70% in the first quarter of this year.
Regionally, the South accounted for 44% of single-family existing-home sales in the second quarter and posted the largest price appreciation of 18.2%.
[1]
The top 10 metro areas with the largest year-over-year price gains all recorded increases greater than 25%, with seven of those markets located in Florida.
Housing affordability dramatically tumbled in the second quarter of 2022, driven by sharply rising mortgage rates and climbing home prices.

The Wall Street Journal and Realtor.com® Release Summer 2022 Emerging Housing Markets Index Report

Retrieved on:

Tuesday, July 26, 2022

The summer 2022 index shows young professionals and growing families are looking for better work-life balance, along with a lower cost of living.

Key Points:

The summer 2022 index shows young professionals and growing families are looking for better work-life balance, along with a lower cost of living.
Despite a slightly lower vacation profile than the spring index, the summer indexs top 20 markets offer an active outdoor lifestyle.
Twelve of the summer 2022 index top markets have appeared in previous index rankings, most notably Elkhart-Goshen, Ind.
The Wall Street Journal is published by Dow Jones, a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

HOME SALES, SELLER PROFITS DIP ACROSS U.S. IN FIRST QUARTER OF 2022 AS PRICE INCREASES SLOW

Retrieved on:

Thursday, April 28, 2022

IRVINE, Calif., April 28, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its first-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home sales across the United States dipped to 47.2 percent – the first quarterly decline since late 2019 and the largest in a decade.

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Gross profits, while also near record highs, followed a similar pattern in the first quarter of 2022.
Ultimately, as affordability worsens, price appreciation should slow down, and we may even see modest price corrections in some markets."
The lower gross profits came as the national median home price increased just 1.7 percent, from $315,000 in the fourth quarter of 2021 to $320,500 in the first quarter of this year.
That marked the ninth straight quarterly record and was up 16.5 percent from the first quarter of 2021.

Middle-income Households Gain $2.1 Trillion in Housing Wealth in a Decade

Retrieved on:

Wednesday, March 9, 2022

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Total housing wealth rose $8.2 trillion from 2010 through 2020, with 6.3 million more new homeowner households.

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Total housing wealth rose $8.2 trillion from 2010 through 2020, with 6.3 million more new homeowner households.
The aggregate value of housing wealth rose across all income groups, but those in the high-income group gained 71% of the increase in housing wealth.
Among middle-income homeowners, total housing wealth jumped by $2.1 trillion, or 26% of the housing wealth gains, with nearly 980,000 additional middle-income homeowner households.
Among low-income homeowners, housing wealth rose by $296 billion, or 4% of the housing wealth gain.