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Posts Tagged ‘anand nallathambi’

Home Prices in Northwest Nearly Double National Average

August 2nd, 2016 Comments off

house price increases  housingwire  credit postedDailyBusinessNewsMHProNewsHome prices rose in June 5.7 percent year-over-year, a slight drop from the 5.9 percent rise in prices in May, as CoreLogic tells nationalmortgagenews. The increase over May was 1.1 percent, MHProNews has learned.

Prices for July will increase 5.3 percent year-over-year, and 0.6 percent on a month-over-month basis, CoreLogic has predicted.

We see prices continuing to increase at a healthy rate over the next year by as much as 5%,” CoreLogic chief executive and president Anand Nallathambi said in a news release.

Oregon and Washington experienced the largest price increases, 10.9 percent and 10.3 percent, respectively, while Connecticut’s home prices slipped 1.7 percent. In New Jersey, prices fell 0.8 percent. ##

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matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Home Prices Continue to Rise Faster than Wages

May 3rd, 2016 Comments off

house price increases housingwire creditU. S. house prices rose 2.1 percent between Feb. and March, including distressed sales, and 6.7 percent between March 2015 and March 2016, according to constructiondive. Wages for would-be first time homebuyers likely did not rise that much on the year, MHProNews knows, putting a home out of reach.

Reporting in its Home Price Index, CoreLogic also predicted home prices will increase 0.7 percent between March and April, and 5.3 percent between March 2016 and March 2017. That is a 12 percent jump from 2015 to 2017.

President and CEO of CoreLogic, Anand Nallathambi, said home prices have appreciated nearly 40 percent since bottoming out five years ago, with the West seeing the most appreciation.

Housing helped keep U.S. economic growth afloat in the first quarter of 2016 as residential investment recorded its strongest gain since the end of 2012,” CoreLogic Chief Economist Frank Nothaft said in a release. “Low interest rates and increased home building suggest that housing will continue to be a growth driver.”

Trulia reports starter-home inventory dropped 44 percent in the last five years, and that sector’s prices have increased 5.6 percent.

The National Association of Realtors (NAR) reports continuing price growth is hindering home construction, although some builders complain the regulatory burden is itself a barrier. The National Association of Home Builders (NAHB) testified recently before Congress that regulatory expenses can increase the cost of a house by 25 percent. ##

(Image credit: housingwire–house price increases)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Home Prices Rise, Yearly and Monthly

September 3rd, 2015 Comments off

housing_recovery__globest.com__creditAccording to the CoreLogic Home Price Index, home prices increased 6.9 percent in July over a year ago, and rose 1.7 percent over June, including distressed sales.

Home prices rose 6.7 percent year-over-year if distressed sales are excluded, and were up 1.5 percent month-over-month, as reported by nationalmortgagenews to MHProNews.

Massachusetts and Mississippi registered a decline in home prices on a yearly basis, including distressed sales, while West Virginia and Vermont saw home prices fall on a monthly basis, also including distressed sales.

Low mortgage rates and stronger consumer confidence are supporting a resurgence in home sales of late,” Anand Nallathambi, CoreLogic’s CEO, said in a news release. ##

(Image credit: globest)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

More Underwater Homes Return to Buoyancy in Q1 2014

June 5th, 2014 Comments off

CoreLogic reports 312,000 more homes returned to positive equity in the first quarter of 2014, indicating 6.3 million homes remained underwater as of Q1 2014, compared to 6.6 million homes at the end of Q4, 2013, according to worldpropertychannel.com. In aggregate, the value of negative equity totaled $383.7 billion as of March 31, 2014 versus $400 billion at the end of the fourth quarter, 2013, as MHProNews has learned. Anand Nallathambi, president and CEO of CoreLogic, says, “Prices continue to rise across most of the country and significantly fewer borrowers are underwater today compared to last year. An additional rise in home prices of 5 percent, which we are projecting will occur over the next 12 months, will lift another 1.2 million properties out of the negative equity trap.” ##

(Image credit: etftrends.com)

Home Prices Continue Moving on Up

March 6th, 2014 Comments off

According to CoreLogic, U. S. home prices increased in January by the strongest margin in seven years, up 12 percent from the previous Jan., marking the 23rd consecutive month of yearly increases, worldpropertychannel.com reports. Said Dr. Mark Fleming, chief economist for CoreLogic, “The last time January month-over-month and year-over-year price appreciation was this strong was at the height of the housing bubble in 2006.” The National Association of Realtors (NAR) says the national median home price rose 10.7 percent in Jan. over Jan. 2013, hitting $188,900, as MHProNews.com has learned. Predicting home prices, including distressed sales, will rise 12.5 percent year-over-year in Feb., Anand Nallathambi, president and CEO of CoreLogic, says, “Excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation for January.”

(Image credit: etftends.com)

Home Prices will Moderate in Nov. and Dec.

December 4th, 2013 Comments off

Marking the 20th consecutive month of yearly increases, home prices in the U. S. increased 12.5 percent in October, compared to last year, according to CoreLogic. The worldpropertychannel reports CoreLogic’s Home Price Index, when including distressed sales, rose just 0.2 percent in October, 2013. Anand Nallathambi, president and CEO of CoreLogic, says, “The deceleration in month-on-month trends was anticipated as strong gains in home prices over the spring and summer slow in line with normal seasonal patterns and the impact of higher mortgage interest rates.” As MHProNews has learned, Dr. Mark Fleming, chief economist for CoreLogic, adds, “The monthly growth rate is expected to moderate even further in November and December. The slowdown in price appreciation is positive for the housing market as almost half the states are now within 10 percent of their respective historical price peaks.”

(Image credit: etftrends.com)

Home Prices Rise for 15th Straight Month

July 2nd, 2013 Comments off

May saw the largest increase in the CoreLogic Home Price Index (HPI) since Feb. 2006, rising 12 percent over May 2012, and 2.6 percent higher than April, marking the 15th consecutive month of year-over-year increases. For June 2013, as nationalmortgagenews informs MHProNews, the CoreLogic Pending HPI indicates home prices are expected to increase 13.2 percent year-over-year from June 2012, and 2.9 percent on month-over-month basis. Noting the blazing rise of home prices, especially in the West, Anand Nallathambi, president and CEO of CoreLogic, says, “Across the country, pent-up demand and continued low interest rates are fueling strong demand for a limited inventory of properties. We expect that trend to continue to drive up prices throughout the balance of the summer months.”

(Image credit: etftrends)

Sept. Home Price Increase Largest in Six Years

November 7th, 2012 Comments off

HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to increase 5.7 percent over the same month 2011. Anand Nallathambi, CoreLogic CEO, says, “So far this year, we’re seeing clear signs of stabilization and improvement that show promise for a gradual recovery in the residential housing market.” MHProNews has leaned HPI data shows all but seven states had year-over-year home price gains: Alabama, Connecticut, Delaware, Illinois, Kentucky, New Jersey and Rhode Island.

(Image credit: HousingWire–

Housing Analysts Predict Slow Growth

August 7th, 2012 Comments off

NationalMortgageNews says CoreLogic CEO Anand Nallathambi tells MHProNews their house price index (HPI) rose 1.3% from May to June, for the fourth consecutive month, and home values have risen 2.5% from the same period last year. When distressed sales are removed from the equation prices are up 3.2% from a year ago. Fiserv chief economist David Stiff says home prices will decline one percent into Q1 of 2013 but expects prices to increase by five percent the remainder of 2013. Noting the median home price makes buying more affordable than renting, he says, “Even if economic growth remains weak, the relative affordability of buying will push home prices upward.” However, he cautions the European monetary crisis and the political stalemate in Washington might lead to large tax hikes and declines in government spending that could result in home prices falling again.

(Image credit: FotoSearch)

Home Prices Nudge up in May

July 2nd, 2012 Comments off

OriginationNews states the CoreLogic House Price Index (HPI) notched its third consecutive monthly increase as house prices rose 1.8% in May, an increase of two percent over May 2011, and is expected to rise another 1.4% in June. Anand Nallathambi, president and chief executive officer of CoreLogic says the limited inventory of homes for sale is driving the price gains, however modest, even in the toughest markets such as Phoenix. Subtracting short sales and foreclosures, the HPI increase for May is 2.3%. The increase for homes priced 75% below the median is up 5.7% over a year ago, whereas homes priced 125% or more above the median rose 1.8%, a potentially good indicator for manufactured housing, MHProNews.com has learned.

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