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CoreLogic Econ

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February 2017 Archives

Cash and Distressed Sales Update: November 2016

The Cash Sales Share Was 32.4 Percent in November 2016 and 14 Percentage Points Below Its Peak Level

Molly Boesel    |    Housing Trends

 
  • The cash sales share was 32.4 percent in November 2016
  • The cash sales share was 14.2 percentage points below the peak level reached in January 2011
  • The distressed sales share fell 4.3 percentage points year over year from November 2015

Cash sales accounted for 32.4 percent of total home sales in November 2016, down 4.5 percentage points year...

Purchase Mortgages, High LTVs May Up Fraud Risk in 2017

2016 Ends With Increase in National Fraud Index

Bridget Berg    |    Mortgage Performance

 

Mortgage fraud has been relatively low since strong lending controls were spurred in the aftermath of the financial crisis. But there are trends we expect to emerge in 2017 that may change that outlook, and the level of risk, significantly.

At the end of the fourth quarter, the CoreLogic Fraud Index rose to 122, matching its highest level from three years ago (the baseline of 100...

SoCal Caps 2016 with Steady Home Price Growth and Modest Sales Gain

Some Areas Appear Modestly “Overvalued” Relative to Incomes

Andrew LePage    |    Housing Trends

 

Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record luxury sales, and lower levels of investor purchases and distressed sales. But inventory remained tight, exacerbating the affordability crunch, and there were stronger signs of a disconnect between home...

Foreclosure Report Highlights: December 2016

Distressed Homes Inventory Drops 19 Percent Year Over Year

Molly Boesel    |    Mortgage Performance

 
  • The December 2016 foreclosure inventory was 78.9 percent below the January 2011 peak.
  • The inventory of mortgages in serious delinquency fell 19.4 percent year over year in December 2016.
  • Judicial foreclosure states are keeping the foreclosure rate above the pre-crisis rate.

The national foreclosure inventory – the number of loans in the...

“I must be covered; I have Homeowners Insurance!”

What you don’t know about your policy can hurt you... financially

Edward Martinez    |    Insurance

 

It’s often been said, “it’s better to have insurance and not need it than to need it and not have it” as a homeowner I do have insurance so I must be covered…. right....well there is more to the story.

Understanding what is and what is not covered requires an in-depth look into how Insurance policies differ from one another. Having a firm understanding...