Texas home prices on the rise, forecasted to climb

  • Loan originations have declined by 60 percent nationally since 2005, when there were 11.7 loan applications for single-family homes.
  • The highest price increases were reported in Colorado, Utah, Idaho, Nevado, Oregon and Washington.
  • Texas saw a 1.4 percent monthly increase and an annual uptick of 6.9 percent.

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CoreLogic’s June report finds that loan refinancing doesn’t make sense for a lot of current homeowners in the U.S.

Forecasts predict mortgage rates will increase this year, so CoreLogic used its data to determine refinancing conditions, mortgage denial rates and the overall health of the housing market throughout the nation.