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Learn MoreHome / Archives for Archana Pradhan
Archana Pradhan holds the position of principal, economist as part of the Office of the Chief Economist at CoreLogic. With years of experience in housing economics, applied econometrics and spatial analysis, she is responsible for analyzing housing and mortgage markets.
Prior to joining CoreLogic, she was program manager and senior research analyst at the National Community Reinvestment Coalition. She earned her doctorate in natural resource economics from West Virginia University.
During the pandemic, some U.S. homebuyers relocated to areas that were more affordable or had better access to outdoor amenities, but this sometimes led to migration to riskier climates.
The average down payment for a U.S. home was 16% at the end of 2023, amounting to about $84,000 per buyer.
First-time homebuyers made up almost 40% of U.S. property shoppers in 2023. CoreLogic’s Archana Pradhan has more in this analysis.
Despite some market challenges, millennials continued to make up more than half of U.S. homebuyers in 2023.
Serious U.S. mortgage delinquency rates were at an all-time low at the end of 2023, though the rates vary among loan types.
These 20 metro areas showed the biggest monthly income gaps between in-migrating homebuyers and locals in 2023.