https://www.europesays.com/2344966/ Bigger properties occupied by smaller households in major housing mismatch, Cotality finds #affordability #australia #Building #CameronKusher #construction #corelogic #Cotality #downsizing #ElizaOwen #HomeSize #HousePrices #housing #HousingAffordability #NumberOfBedrooms #property #PropertyMarket #RealEstate #StampDuty #upgrading
Administered by:
#corelogic
0 posts0 participants0 posts today
Continued thread
♬ 
Day 26 cont 
“The #HousingCrisis has dominated the #FederalElection campaign, and all sides of politics have desperately tried to #harness or #neutralise it as an #issue.
An analysis by The #AFR of nearly 25,000 data points compiled by research firm Cotality, formerly #CoreLogic, reveals how the property market is playing out at an electorate-by-electorate level, and what this means for #voters – both at the #election on May 3 and into the future”
#AusPol / #LNP / #Liberal / #Nationals / #Labor / #Housing <https://archive.md/g5TZJ> / <https://www.afr.com/politics/federal/these-5-maps-reveal-the-house-price-pain-that-could-sway-the-election-20250421-p5lt63> (paywall)
"In California, where fires have consumed more than roughly 220,000 acres of land in just this year, major insurers like State Farm, Allstate and Farmers have all pulled back. In some areas, they have stopped writing new policies and have canceled some existing policies...Spooked by these numbers, insurers are declining to write policies in huge swaths of the American West." https://www.nytimes.com/2024/07/15/business/wildfires-home-insurance-building-standards.html fts #CoreLogic re: #ManagedRetreat et al.
The New York Times · To Protect Against Wildfires, Insurers Try to Change Construction Standards
Annual US Rent Growth Continues to Moderate in August but Price Squeeze Persists
CoreLogic - October 17, 2023
“Annual U.S. single-family rent growth slowed to 2.9% in August, the 16th consecutive month of declines.
Single-family rents have increased by 30% nationwide since February 2020.”
#CoreLogic #RealEstate #CRE #Multifamily #SFR #SingleFamilyRentals #BFR
@realestate@a.gup.pe @realestate@chirp.social
CoreLogic® · CoreLogic: Annual US Rent Growth Continues to Moderate in August but Price Squeeze PersistsWhile annual U.S. single-family rent increases continued to relax in August, tenants are still feeling the long-term pinch.
Continued thread
"600 or 700 [thousand dollar mortgage limits for an income of $100,000], somewhere there seems to be the indication, and I think it marks a pretty big shift. This will limit house price growth in future, and really limits how many properties people can own, because you can't shift your income massively overnight."
#KelvinDavidson, Chief Property Economist, #Corelogic
RNZHouse prices dropping, but still 30pct higher than pre-pandemicHouse prices are 30 percent higher than they were before Covid-19, according to the latest figures from CoreLogic.
But the Reserve Bank's official cash rate hikes have helped cool the housing market - prices have slumped 10.5 percent nationally in the last year, and about 20-percent in the Wellington region.
That's not great news for recent or highly indebted buyers and with a wave of mortgage re-pricing still to come, the housing market outlook is fairly subdued.
Corelogic's chief property economist Kelvin Davidson spoke to Corin Dann.
Bank economist inadvertently admits that neoclassical economic theory has little to do with reality:
"Good to see the economic theory playing out in reality, for once."
#KelvinDavidson, Chief Property Economist, #Corelogic
RNZHouse prices dropping, but still 30pct higher than pre-pandemicHouse prices are 30 percent higher than they were before Covid-19, according to the latest figures from CoreLogic.
But the Reserve Bank's official cash rate hikes have helped cool the housing market - prices have slumped 10.5 percent nationally in the last year, and about 20-percent in the Wellington region.
That's not great news for recent or highly indebted buyers and with a wave of mortgage re-pricing still to come, the housing market outlook is fairly subdued.
Corelogic's chief property economist Kelvin Davidson spoke to Corin Dann.