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CoreLogic: Income Inequality and the Housing Market

Friday, January 30, 2015

The topic of income inequality is, as they say, trending, and this has moved CoreLogic to look at the nature of incomes and homeowners.  In a recent article in the company's Housing Trends Blog, principal economist Kathryn Dobbyn talks about a new CoreLogic Index and the questions it is designed to answer.

The index is based on the company's loan level database and measures monthly median incomes derived from debt-to-income (DTI) ratios for households obtaining mortgages.  Data, which was limited to fully documented, owner-occupied, single-family originations, was used to create both an inflation-adjusted and a non-inflation adjusted median income time series from January 2000 to September 2014.  An index value of 100 equals the median borrower income for loans originated in 2000 for each index.   

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