The MarketPulse
Note: This new edition of MarketPulse combines our former MarketPulse Report with our U.S. Housing and Mortgage Trends Report and will now be published monthly.
CoreLogic has released a new monthly economic publication, the CoreLogic MarketPulse report. The MarketPulse provides monthly insight into the current and future health of the U.S. economic climate with particular focus on housing and mortgage metrics. The CoreLogic Mortgage Analytics & Economics Team, headed by Chief Economist Mark Fleming, authored the articles and commentary.
The February MarketPulse report:
- Examines the historical linear relationship between home prices and per-capita income, and how that relationship began to change in the early 2000s as home price growth was no longer supported fundamentally by income growth. “The ability to exaggerate incomes and afford higher payments helped add fuel to an overheated housing market and led to unprecedented home price acceleration,” said Fleming in the report.
- Reports that the U.S. economy is heading in the right direction with a slow and steady improvement in the labor markets, though the real estate and housing finance markets remain stuck in neutral as sales and prices declined slightly while originations activity improved.
- Shows FICO score and DTI ratios for purchase and refinance borrowers have not moved much over the last few months, and the credit and debt box for loans remains as tight as it has been since the peak of the crisis.
- Provides an overview and breakdown of national, state and CBSA-level statistics, including sales, home prices, foreclosures, delinquencies, and negative equity share for each month in 2011.
