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Blog Entries by Mark Liu

Health of the Housing Market in the Top 100 Cities – Part II

13 Markets Overvalued Based on Fundamental and Speculative Metrics

Mark Liu    |    Property Valuation

21 Overvalued Markets based on CL Market Conditions

In Part I[1] of this series we evaluated the top 100 Core Based Statistical Areas (CBSAs) using CoreLogic Market Condition Indicators (price-to-income) and the price-to-rent metrics which classified 21 markets as overvalued. Figure 1 shows the distribution of these CBSAs. According to Joseph Stiglitz’s (1990)...

Health of the Housing Market in the Top 100 Cities – Part I

21 Markets Overvalued Based on Fundamental Factors of Price-to-Income and Price-to-Rent

Mark Liu    |    Property Valuation

HPI at National level

Talking about housing bubbles usually raises questions, concerns and eyebrows. However, for the past several years, home prices have continued to rise throughout the country, with many markets close to or above previous peak levels observed in the 2005-2006 bubble years. At the national level, Figure 1 shows that home prices have increased roughly 40 percent, according to the CoreLogic Home...

14 Top Markets Overvalued, Double the Number as of Q1 2015

Five of six largest metros in Texas make overvalued list

Mark Liu    |    Property Valuation

Overvalued Markets

Home prices have continued to rise throughout the country, though for most markets, at a slower pace. Most markets are still at normal price levels or undervalued, according to the CoreLogic Market Condition Indicators. However, the number of overvalued markets among the nation’s top 100 cities is up to 14 as of Q2 2015, double the number from Q1 2015, with Texas leading the...

Most US Housing Market Conditions at Sustainable Levels

Seven Top Markets Overvalued, Four in Texas alone

Mark Liu    |    Property Valuation

Home prices have continued to rise, though for most markets, at a slower pace. Most markets are still at normal price levels or undervalued, according to the CoreLogic Market Condition Indicators. However, seven of the top 100 metropolitan markets—four in Texas alone— have been identified as being overvalued, up from four markets in October 2014.  

CoreLogic...

When First Doesn’t Really Mean First

When Third-Party Tax Lenders Jump to the Head of the Line

Mark Liu    |    Mortgage Performance, Property Valuation

In the event that a homeowner defaults on his or her mortgage loan and the home is to be sold, who would be first in line to receive funds? The obvious answer seems to be the first-lien mortgage holder, right? Well, think again. In some states like Texas and Nevada, others may legally be able to jump to the front of the line in the foreclosure process, bumping even first-lien mortgage...