Chart of the day – Aug 8, 2017

Aug 8, 2017.

What are your numbers? Credit score of home owners versus time (2001-2016).

After the 2008 housing crisis, access to credit has tightened dramatically. Before recession, at the peak of housing boom almost 60% of mortgages were below a score of 740 (considered good). But in 2016, the number is only about 30%. More specifically, the median credit score of a home mortgage owner in 2016 was 732, much higher than the 2005 score of 700. In fact in 2016, only 0.1% borrowers were below 620 & 3.3% were between 620 & 659. The comparable shares in 2001 were 7.3% and 10.6%. This is good news for those worried about another housing crisis, but it reduces lending to households with lower scores, especially young, first time home buyers. Click to enlarge. Source: Chap 4: Joint Center for Housing Studies at Harvard University, released June 16, 2017.

 

 

Previous charts-of-the-day:

Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017

Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)

Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)

Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)

Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)

Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)

Aug 8, 2017 – Household credit score versus time (2001-2016)

Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)

Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)

Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)

Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)

Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market

Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)

Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)

July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)

July 28, 2017 – US home prices 1890-present

July 27, 2017 – Median house price for Portland Metro neighborhoods

July 26, 2017 – Average rent for Portland Metro region

July 25, 2017 – Path of total solar eclipse through Oregon

July 24, 2017 – Portland metro area household income by region

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