Rental prices have risen almost 44 per cent in five years, Cotality review finds
Australian renters are paying on average an extra $204 per week to keep a roof over their heads…
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https://www.newsbeep.com/171087/
Pandemic Boomtown Housing Prices Slow but Retain Most of Their Gains
CoreLogic - June 11, 2024
“Also, these were hot markets before the pandemic due to robust population growth, suggesting that they have strong fundamentals for continued price appreciation in the long run.”
Why Climate Resilience Is Key to Future Real Estate Stability
CoreLogic - April 15, 2024
“In 1980, there was an average of 8.5 peril events per year causing over $1 billion in losses. In the last five years, that figure has doubled. Since 2019, there have been an average of 20.4 peril events per year.”
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Where Are the Most and Least Affordable US Single-Family Rental Markets?
CoreLogic - November 14, 2023
“Rent continues to rise at a moderate pace in 2023, while inflation and escalating home prices continue to diminish purchasing power for many Americans.”
https://www.corelogic.com/intelligence/most-and-least-affordable-us-rental-markets/
CoreLogic unveils 'ScanToSketch,' an AR tool for fast, accurate home appraisals. No special hardware needed, compatible with recent Apple devices.
#AR #CoreLogic #scanToSketch #ARtools
https://www.niftysparks.com/blogs?recordId=reczRHZwYS04atQOR
Annual US Rent Growth Continues to Moderate in August but Price Squeeze Persists
CoreLogic - October 17, 2023
“Annual U.S. single-family rent growth slowed to 2.9% in August, the 16th consecutive month of declines.
Single-family rents have increased by 30% nationwide since February 2020.”
#CoreLogic #RealEstate #CRE #Multifamily #SFR #SingleFamilyRentals #BFR
@[email protected] @realestate
US Rent Growth Returns to Pre-Pandemic Level in May
CoreLogic - July 18, 2023
“Monthly single-family rent increases returned to a typical seasonal pattern in February of this year, suggesting that single-family rents are poised to continue increasing throughout 2023.”
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"600 or 700 [thousand dollar mortgage limits for an income of $100,000], somewhere there seems to be the indication, and I think it marks a pretty big shift. This will limit house price growth in future, and really limits how many properties people can own, because you can't shift your income massively overnight."
#KelvinDavidson, Chief Property Economist, #Corelogic
House prices are 30 percent higher than they were before Covid-19, according to the latest figures from CoreLogic. But the Reserve Bank's official cash rate hikes have helped cool the housing market - prices have slumped 10.5 percent nationally in the last year, and about 20-percent in the Wellington region. That's not great news for recent or highly indebted buyers and with a wave of mortgage re-pricing still to come, the housing market outlook is fairly subdued. Corelogic's chief property economist Kelvin Davidson spoke to Corin Dann.
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