CoreLogic reported a 2.9% rise in mortgage delinquencies in August compared to last year
After a slow summer, home prices rose 6.7 percent in early fall
The 120-day delinquency rate for July was 1.4 percent — the highest rate in more than 21 years and double the Great Recession peak
In our multipart series on the US housing market this summer, Inman's Jim Dalrymple reports that the market hasn't fully returned to normal yet, but a number of metrics including prices and pending sales suggest it has been resilient amid the coronavirus crisis
by Jim Dalrymple II Jun 22
3.6% of mortgages were in some stage of delinquency, the same as in February
April home values rose by 5.4% year over year and 1.4% from the previous month, according to the latest data from CoreLogic
Home prices rose 4.5% in March even as closed home sales fell
Because sales typically represent contracts that were signed in the previous two months, CoreLogic expects the pandemic's effects will start to show in the April data
After a slight uptick the previous month, nationwide delinquency rates have fallen to the lowest level since June 2000
Idaho, Maine and Wyoming experienced the highest price growth in the country
In September, just 3.8% of mortgages were in some stage of delinquency while 0.4% of mortgages were in the foreclosure process
But increasing prices are not deterring millennials from buying homes — a quarter of those surveyed plan to buy a home in the next six to eight months
In September, home prices grew by 3.5% year-over-year
But national rates are still at a 20-year low, the property analytics provider has found
Only 3.6% of mortgages were in some stage of delinquency in April, according to a CoreLogic study released Tuesday