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Blog Entries by Molly Boesel

Distressed Sales Accounted for 10 Percent of Homes Sold Nationally in September 2015

Most States Had Lower Distressed Sales Compared With a Year Ago

Molly Boesel    |    Mortgage Performance

Distressed Sales as Percentage of Total Sales
  • Distressed sales were 9.7 percent and REO sales were 6.4 percent of total sales in September 2015
  • Maryland still on top with the largest share of distressed sales among all states at 20.7 percent
  • Distressed sales share should reach pre-crisis level in 2018

Distressed sales, which include real estate-owned properties (REOs) and short sales,...

National Home Prices 7 Percent Below Pre-Crisis Peak

Low-End Home Prices Now 4 Percent Above Pre-Crisis Peak

Molly Boesel    |    Property Valuation

  • Home prices including distressed sales increased 6.8 percent year over year in October 2015 and remain 6.8 percent below the April 2006 peak.
  • Colorado had the largest year-over-year HPI growth.
  • The low-price tier increased faster than all other price tiers and is now 3.8 percent above its pre-crisis peak.

National home prices increased 6.8...

Nominal HPI Expected to Return to Peak in Mid-2017

Real HPI Will Take Longer to Regain Losses

Molly Boesel    |    Property Valuation

The CoreLogic Home Price Index (HPI) reported monthly is measured in nominal terms, meaning that it is not adjusted for inflation. The accompanying chart shows the cumulative price movement since the inception of price declines for both the nominal HPI and the inflation-adjusted (or real) HPI1 and the time in years since the first decrease in the indices. As of September 2015 the...

Cash Sales On Track to Reach Pre-Crisis Level by Mid-2017

Cash Sales Accounted for 32 Percent of All Home Sales in August 2015

Molly Boesel    |    Housing Trends

Cash sales share by sale type

Cash sales accounted for 31.7 percent of total home sales in August 2015, down from 34.9 percent in August 2014. On a month-over-month basis, the cash sales share increased by 0.8 percentage points in August 2015 compared with July 2015. The cash sales share typically increases month over month in August, but due to seasonality in the housing market, cash sales share comparisons should be...

Houston Update

Signs of Weakness in Sales, But No Signs of Weakness in Mortgage Performance

Molly Boesel    |    Mortgage Performance

Transition Rate Houston Rate Close to 15 year low

Ever since oil prices started collapsing in fall 2014 researchers have looked for signs of weakness in the Houston metropolitan area’s housing market, given the region’s heavy reliance oil-related jobs. The first sign came last week when the Houston Association of Realtors (HAR) reported that single-family home sales fell sharply in October 2015 compared with a year earlier...

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