Housing by the Numbers: December 22, 2017

52.7 Million

According to TransUnion’s data, that’s the total number of mortgage accounts, down from 60.1 million in 2010. Back then, 7.21% were 60+ days past due. Nowadays, it’s 1.91%. TransUnion expects delinquency to further decline to 1.65% by the end of 2018. TransUnion also predicts a HELOC (home equity line of credit) resurgence with 10 million loans between 2018-2022, vs 4.8 million loans between 2012-2016.

746 (749 in Washington State)

CoreLogic’s research shows that the average home buyer’s credit score has increased by 7 points between Q3 2016 and Q3 2017. The share of buyers with sub-640 credit scores was 2%, compared with 25% in 2001. The average debt-to-income (DTI) ratio was 36%. The average loan-to-value (LTV) ratio was 84.9%. Investors took out 4.4% of the loans and condo/coop buyers 11.5%.


Of all the houses that came on the market in 2017, 41% were rated by Redfin’s algorithm as “hot homes”, up from 27.6% in 2014.  (Apparently “hot home” means 70%+ likelihood of finding a buyer within two weeks.) In Seattle, where 19 of of Redfin’s 25 most competitive neighborhoods are located, 67% of this year’s listings were hot homes.

Posted on December 22, 2017 at 6:46 pm
Isabel Wang | Category: Uncategorized

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