California home prices expected to climb even higher annually

  • Loan originations have declined by 60 percent since 2005, when there were 11.7 loan applications for single-family homes.
  • California home prices are expected to increase by 9.9 percent annually in the next year.
  • The highest price increases were reported in Colorado, Utah, Idaho, Nevado, Oregon and Washington.

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.