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November 2016 Archives

Effective Age Versus Actual Age

An Important Appraisal Question

James Siebers    |    Property Valuation

 

Have you ever thought about how the components of your home contribute to the age of your home? The roof, siding, trim and windows, how long do they all last? How about the furnace and water heater? While electrical and plumbing fixtures, carpet, vinyl, flooring materials, counter tops and other interior decorating items may functionally last longer, their appearance and style may not....

Homeowner Mobility and Migration Trends

Mobility Down By a Third Over Last Three Decades and State-to-State Migration at 15-Year Lows

Kristine Yao    |    Housing Trends

 

CoreLogic has a new source of data for analyzing household demographic trends over time. Various data sets, including property tax records and recorded sale transactions, were linked to distinct consumers, tracking them chronologically through their chain of home purchases. The consumer-pinned dataset offers a valuable complement to traditional sources of demographic data, which typically...

In Flood Risk Modeling, Resolution Matters

Even When You Think It Shouldn’t

Laurel DiSilvestro    |    Natural Hazard Risk

 

We have all seen the dramatic pictures of destruction and loss after a devastating flood event. Usually, the scene is depicted as a sea of water inundating broad areas of a geographic region, impacting communities and homes. However, what we usually don’t understand from these images is the significant regional variations of water depth. This is one of the key indicators of contents...

Hot Summer, Hot Markets

A Third of Homes Sold for the List Price or More in August 2016

Shu Chen    |    Housing Trends

 

A greater share of homes are selling at or above their listing price as healthy housing demand continues to meet a tight inventory of homes for sale. Figure 1 shows the share of homes nationally that sold at a price above, equal to or below the list price. 1 The share of homes selling at or above list price has recovered to early 2006 levels. In August 2016 that share was more...

Foreclosure Report Highlights: September 2016

Distressed Homes Inventory Drops 31 Percent Year Over Year

Molly Boesel    |    Mortgage Performance

 
  • The foreclosure inventory was 78.3 percent below the January 2011 peak in September 2016.
  • The inventory of mortgages in serious delinquency fell 24.8 percent year over year in September 2016.
  • All states except North Dakota and Wyoming had a year-over-year decrease in the serious delinquency rate.

The national foreclosure inventory – the...