Home-Ownership Remains Financial Stretch Around U.S. as Prices Remain Near Record High

ATTOM TeamNotes

Major Home-Ownership Expenses Continue to Consume One-Third of National Average Wage; Portion Holds Steady as Median U.S. Home Price Dips Slightly During Slow Winter Period; Historical Affordability Also Stays Close to Low Point Over Past Decade  IRVINE, Calif. – Mar. 27, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its first-quarter 2025 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the first quarter of 2025 compared to historical averages in 97 percent of counties around the nation with enough data to analyze. The latest trend extends a three-year pattern of home ownership requiring historically large portions of wages as U.S. home prices stay at or near record levels. The report also shows that major expenses on median-priced homes currently consume 32 percent of the average national wage. That level is virtually the same as in the fourth quarter of …

Home-Sellers Want Different Marketing Options, Not Different Marketplaces

Glenn KelmanNotes

This article was also published on Inman. With NAR’s new pocket-listing policy, brokers can, with the seller’s consent, withhold listings from public view on real estate websites. The new rule requires that the listings be shared with other brokers, via local Multiple Listing Services. This means that, as a broker that also runs a large real estate site, we’ll be able to tell our buyers about these listings. But it would be much better for consumers if everyone could see all the homes for sale on all the real estate sites. We’ll talk about how to do that while still giving sellers control over their listing, but let’s start by discussing the NAR’s new policy. The NAR Policies Will Confuse ConsumersThe problem is that the NAR’s position on pocket listings is a mess, for two reasons. First, the new policy exists alongside its predecessor, which lets a broker keep a …

Home Flipping Declines Again Across U.S. in 2024 as Profits Remain Low

ATTOM TeamNotes

Flipping Activity by Investors Drops for Second Straight Year, Down 32 Percent Over That Time; Investment Returns Inch Upward but Still Sit Near Low Point Over Past Decade; Almost Two-Thirds of Flipped Homes Purchased with Cash IRVINE, Calif. – Mar. 20, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its year-end 2024 U.S. Home Flipping Report, which shows that 297,885 single-family homes and condos in the United States were flipped in 2024. That was down 7.7 percent from 322,782 in 2023 and 32.4 percent from a recent peak of nearly 441,000 reached in 2022. The report further reveals that as the number of homes flipped by investors declined, so did flips as a portion of all home sales, from 8.1 percent in 2023 to 7.6 percent last year. In one small potential bright spot for the home-flipping industry, profits and profit margins rose slightly in 2024 …

Clareity25 Dares Greatly: 300 industry leaders gathered to discuss navigating transformation, embracing change, and unlocking new possibilities

Real Estate TeamNotes

Over a day and a half of deep discussions and debate, MLS executives, brokers, and industry thought leaders at the Clareity25 Workshop tackled some of the biggest challenges shaping the industry today. From regulatory changes, economic and climate impacts, the changing role of agents, and the evolving role of leadership, the conference made one thing clear: those who adapt, collaborate, and innovate will be the ones defining the next era of real estate. As always, the Workshop was packed with takeaways, summarized below, but no summary can provide the full experience of hearing and meeting the speakers and participating in the sessions, or engaging in the networking that is at the heart of the event. Gregg Larson, who founded the Clareity conference with Matt Cohen almost a quarter-century ago, kicked off Clareity25 with his annual technology trends update, sharing the latest innovations from the January Consumer Electronics Show (CES). His …

Can We Bridge the Widening Property Insurance Gap?

Maiclaire Bolton SmithNotes

A Conversation With Robert Feldman For years homeowners’ insurance was just there. It was a safety net in the background, ready to catch someone when disaster struck. But now, that net is fraying, and homeowners are scrambling to understand why coverage is becoming so expensive — or in some areas, nearly impossible to obtain. Homeowners across the country — especially in wildfire-prone states like California — are seeing their premiums skyrocket, their policies canceled, or, in some cases, they are left without any options at all. Insurers too are feeling the pressure. For years, they relied on traditional risk models to calculate premiums, issue policies, and assume predictable loss patterns. But the landscape is changing. Rising claims, extreme weather events, and economic pressures are pushing the industry to a breaking point. At the center of this crisis is a fundamental question: how does the industry adapt to a world with …

US Home Price Insights –  March 2025

Economy TeamNotes

Overview CoreLogic analysis suggests that Florida markets are continuing to fall out of favor while western New York is gaining popularity. Our economists anticipate further price deceleration in 2025, although recent improvements in mortgage rates may spur homebuying this spring. National home price growth is flat on a monthly basis. Annual home price growth is tracking just above inflation. Florida and Arizona top the charts for markets where the risk of price decline is very high. CoreLogic HPI features deep, broad coverage, including non-disclosure state data. The index is built from industry-leading real-estate public record, servicing, and securities databases—including more than 40 years of repeat-sales transaction data—and all undergo strict pre-boarding assessment and normalization processes.   CoreLogic HPI and HPI Forecasts both provide multi-tier market evaluations based on price, time between sales, property type, loan type (conforming vs. non-conforming) and distressed sales, helping clients hone in on price movements in specific …

Unlock MLS becomes first in the nation to launch AI-powered Matrix 12.5 with CoreLogic

Real Estate TeamNotes

Innovative program provides cutting-edge technology designed for greater efficiency and streamlining workflow for agents AUSTIN, Texas – Today, Unlock MLS launched a new, AI-powered Matrix™ experience developed by CoreLogic® that will streamline agent workflows and improve client collaboration. The Matrix 12.5 platform includes three major system updates—Listing Manager with AI, Matrix CMA Manager and OneHome™. As the first MLS in the country to offer this Matrix technology suite, Unlock MLS is leading the industry in innovation. “At Unlock MLS, our priority is providing professional agents with the most advanced tools to stay ahead in an evolving market,” said Emily Chenevert, CEO of Unlock MLS and the Austin Board of REALTORS®. “With this launch, we’re delivering the most innovative version of Matrix nationwide—enhancing efficiency, streamlining workflows and strengthening client collaboration. Our commitment is to equip our subscribers with the latest technology that gives them a competitive edge and positions them as …

Clareity25: Quick Recap – Dare Greatly

Real Estate TeamNotes

Once again – even after a quarter of a century – Clareity25 MLS workshop did not disappoint. The venue at the Westin Kierland Resort in Scottsdale was fantastic. The rooms were great, those who played in the Monday golf scramble had all they could handle, and the evening outdoor receptions were terrific. The conference’s theme was “Dare Greatly,” and together, more than 300 attendees did just that. Kudos to the team at CoreLogic for hosting a polished and professional event. Clareity followed its customary format: optional golf or alternative adventures on Monday, Welcome Reception on Monday night, a full day of sessions on Tuesday followed by an evening reception celebration, and a half day of meetings on Wednesday – a perfect schedule. Clareity workshop founder Gregg Larson kicked off the event with this technology and trends update. He had fresh content from CES, covering a remarkable list of innovative products …

December Annual Price Growth Reverses Course, Up 3.9% YOY

Selma HeppNotes

US CoreLogic S&P Case-Shiller Index shows housing market malaise persists in the Southeast, but large metros like Boston, Miami, and Chicago maintain price power This December both sellers and buyers took a step back as 2024 ended in a cooler fashion that is comparable to December 2023. The end of 2024 saw the share of de-listings increase to a level not seen since after the Great Financial Crisis, and the time homes spent on the market rose sharply, hitting the highest level since the onset of the pandemic. Although many housing market indicators are generally tracking pre-pandemic trends, there is a lot of trepidation and anticipation about the spring homebuying season. So far, early housing market indicators for 2025 suggest that the spring homebuying season may look very similar to 2024. Although the availability of more for-sale homes is a positive sign, buyers are increasingly cautious amid economic apprehension, policy …

US Single-Family Rent Index – February 2025

Economy TeamNotes

Annual U.S. rent growth increased at the lowest rate in about four years in December 2024, climbing just 1.8% year over year. Rent growth slowed throughout 2024 after being frontloaded at the beginning of the year. Washington, DC, saw the highest increase year-over-year in December, while Detroit fell into the number two slot. Click here to read CoreLogic’s full SFRI report with December 2024 data, featuring commentary from Principal Economist Molly Boesel. All archived SFRI reports are available at this home page, while regular housing market reports and blog posts from  CoreLogic’s Office of the Chief Economist can be found here.