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LATEST CORELOGIC ECON TWEETS

Comparing the Real Cost of Owning Property Across the United States

Illinois has the highest property tax rate in the U.S., Hawaii has the lowest

Dominique Lalisse    |    Market Trends

States Ranked by Media Property Tax Rates

The accurate estimation of the amount of property taxes in any given area throughout the country is a challenging task due to the complexity and heterogeneity of property taxation in the United States. The total amount can include property taxes paid to multiple agencies with varying formulae, including both fixed and variable components. To provide a meaningful comparison of property tax...

Is Flipping Coming Back? Part I

National Flipping Activity in Q1 2016 is Well Below its 2005 Peak

Bin He    |    Market Trends

Flipping is the term used when an investor purchases a property, renovates and repairs it, and then re-sells it within a short period of time for a profit. Flipping was at an all-time high before the housing bubble burst because of easy access to credit and speculation for higher home prices. Now home prices have been appreciating at a relatively high rate for almost four years, and in fact,...

What Is My Home Worth?

I’m paying $574,000 for this house, but it only needs to be insured for $225,000.

Susan Williams    |    Insurance

Greenery

Agents often find themselves answering questions like this because consumers can be confused when it comes to the appropriate homeowner’s coverage amount for an insurance policy on a newly purchased home.

Market value (the $574,000 referenced above) is the opinion of what someone is willing to pay for a home. For a single-family home, that price includes the cost of the land...

Cash Sales Share Continues Downward Trend in 2016

Cash Sales Accounted for 35 Percent of All Home Sales in January 2016

Molly Boesel    |    Market Trends

Cash Sales Share by Sale Type

Cash sales accounted for 35.5 percent of total home sales in January 2016, down 4.2 percentage points year over year from 39.7 percent in January 2015. On a month-over-month basis, the cash sales share increased by 1.9 percentage points in January 2016 compared with December 2015. The month-over-month increase was typical for the month of January.

The cash sales share peaked in...

National Supply of Homes For Sale rises to 6.8 months in January 2016

Some Markets Show Impacts of Low Oil Prices in Their Months of Supply

Shu Chen    |    Market Trends

Months of Supply by Price Tier

As the U.S. housing market strengthened last year the inventory of homes for sale fell to a post-housing-crisis low. So how is the inventory shaping up early this year? Nationally, the number of homes for-sale equated to a 6.8-month supply[1] in January 2016, up from a 6.5-month supply in January 2015.

Figure 1 breaks out...

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