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CoreLogic Econ

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Blog Entries by Bin He

Say what?! Public Listing Comments Can Have an Impact on Days on Market?

Some Houses Selling Faster Than Others for a Reason

Bin He    |    Housing Trends

top word pairs that would reduce days on market for listed properties

When a property is listed, its days on market can be determined by multiple factors. Obviously if it’s priced lower than its fair market value then it tends to sell quickly. In addition to listing prices, housing characteristics, as well as amenities, can have an impact on days on market. In a previous two-series blog, Turning Words into Data,...

Home-Bidding Wars Heating up

More Than Half of Sales Are Above Listing Price in Some CA and WA Cities

Bin He    |    Housing Trends

top 30 cities with highest shares of bid properties

When demand is high and supply is low, home-bidding wars can break out and push home sale prices above their listing prices. In some of the hottest housing markets buyers are bidding against each other to pay more for homes. Using more than 700,000 home sales closed in Q2 2016, new analysis from CoreLogic shows the hottest real estate markets in which home-bidding wars are heating...

Google Searches Shed Light on Rental Prices – Part II

Nationally and at the Metro Level, Google Searches Correlate with Rental Prices

Bin He    |    Housing Trends

In Part I of this blog we discussed how Google Trends1 can provide insights into rental prices at the national level. Here we focus on the correlation between Google Trends and real rental prices for a few large metros. As with the...

Google Searches Shed Light on Rental Prices – Part I

National Average Rental Prices Unlikely to Fall This Summer

Bin He    |    Housing Trends

In a white paper published in 2009, Google claimed that Google Trends is able to help in predicting the present, in the sense that search volume data may be correlated with the current level of economic activity1. A growing number of academic studies have demonstrated that Google Trends can provide insights into home prices and Consumer Sentiment Index2, 3. Using...

Is Flipping Coming Back? Part II

Not All States See an Uptick, But Florida Flipping Activity is Strong in Q1 2016

Bin He    |    Housing Trends

Top 20 CBSAs With the Highest Shares of Flipped Properties

In Part I of this blog we discussed flipping activity – investors buying homes, repairing them and selling them within a short period of time for a profit – at the national level1. Here we focus on flipping activity at the local metro...