CoreLogic: Negative equity props up home prices in toughest markets

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The 28-year-old apparel buyer quickly found that the few homes in the couple’s price range got snapped up for more than asking price, leaving her exasperated at how “crazy” the market seemed. or.

The quarterly increase in negative equity was the first increase in 12 quarters. ” Our forecast for the CoreLogic Home Price Index predicts there will be a a 4.5. billion from $282.9 billion in the third quarter of 2018 and up year over year by. The markets CoreLogic serves include real estate and mortgage.

CoreLogic: Negative equity props up home prices in toughest markets | HousingWire Many housing markets may be undersupplied because underwater borrowers are unable to put their homes up for sale. According to CoreLogic, this paradox may actually be pushing prices upward for some.

According to CoreLogic, an estimated $715.3 billion in negative equity is floating throughout the housing market. Until that negative equity is sopped up, housing will not recover and home prices will.

The slide in U.S. home prices may have another three years to go as sellers add as many as 12 million more properties to the market. Shadow inventory — the supply of homes in default or foreclosure that may be offered for sale — is preventing prices from bottoming after a 28 percent plunge from.

The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic ($18.31 0.28%) [2]. The national supply of unsold homes dropped to 6.5 months in April from nine months last June. But the decline occurred less because of an increase in sales.

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CoreLogic’s latest Equity Report revealed that "over the past 12 months, 712,000 borrowers moved into positive equity." This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today.

CoreLogic: Negative equity pushes prices up in certain markets – Homeowners in negative equity are driving prices up in certain U.S. markets by sitting on the sidelines and refusing to sell at a loss, CoreLogic suggested in its July MarketPulse report. The end.

While the steady, albeit slower pickup in home values last year likely squeezed some potential buyers out of the market. to CoreLogic. Some 5.1 million homes, or 10.3 percent of all homes with a.