Analysis and Data
49% of homes were deemed equity rich.
The national median mortgage payment drops marginally and affordability was flat.
CoreLogic report attributes healthy mortgage performance to strong job market.
Concerns rise over impact on housing sector and potential economic downturn
Average purchase loan size surges to a high of $432,700 since May-end amid persistent affordability challenges.
Index reflects a mixed bag of regional growth and decline in May 2023.
CoreLogic S&P Case-Shiller Index down 0.5% year-over-year in May, but inflection ahead
Strong labor market and consumer confidence bolster economic resilience, but homeowners' show reluctance to relinquish low mortgage rates.
Financial experts predict continued rate hikes despite cooling inflation.
Rising natural disaster risks influence migration trends, with many relocating to high-risk areas despite potential future costs.