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Blog Entries by Molly Boesel

Distressed Sales Accounted for 9 Percent of Homes Sold Nationally in July 2015

REO and Short Sales Share Percentages Decrease Year Over Year

Molly Boesel    |    Mortgage Performance

Distressed Sales as percentage of total sales
  • Distressed sales were 9.4 percent of total sales in July 2015, with REO Sales making up 6.1 percent of total sales
  • Florida had the largest share of distressed sales at 20.7 percent
    Of the largest Core Based Statistical Areas (CBSAs), Orlando-Kissimmee-Sanford, Fla. had the largest share of
  • distressed sales at 23.8 percent

Distressed...

August 2015 National Home Prices Increased 6.9 Percent Year Over Year

Low-End Home Prices 5.9 Percent Above Pre-Crisis Peak

Molly Boesel    |    Property Valuation

Year over Year HPI Growth for 25 highest appreciating states
  • Home prices including distressed sales increased 6.9 percent year over year in August 2015 and remain 6.3 percent below the April 2006 peak.
  • Colorado had the largest year over year HPI growth.
  • The low price tier is 5.9 percent above its pre-crisis peak.

National home prices increased 6.9 percent year over year and 1.2 percent month over month...

Cash Sales Accounted for 31 Percent of All Home Sales in June 2015

Cash Sales Share Highest in New York

Molly Boesel    |    Housing Trends

Cash Sales Share by Sale Type

Cash sales made up 31.3 percent of total home sales in June 2015, down from 33.9 percent in June 2014. The year-over-year share has fallen each month since January 2013. Month over month, the cash sales share fell by 0.7 percentage points in June 2015 compared with May 2015. Due to seasonality in the housing market, cash sales share comparisons should be made on a year-over-year...

Dollar Volume of Negative Equity Decreased by $29 Billion from Q1 2015 to Q2 2015

National Negative Equity Share Fell Below 10 Percent in Q2 2015

Molly Boesel    |    Property Valuation

25 States With the Largest Quarter-Over-Quarter Change in Negative Equity Share

The nationwide negative equity share decreased from 10.2 percent in Q1 2015 to 8.7 percent in Q2 2015, and the number of underwater loans (or those in negative equity) decreased from 5.1 million to 4.4 million, according to the latest CoreLogic Equity Report. The total dollar amount of negative equity fell $28.5 billion...

Distressed Sales Accounted for 9 Percent of Homes Sold Nationally in June 2015

REO Share is the Lowest Since September 2007

Molly Boesel    |    Mortgage Performance

Distressed Sales as Percentage of Total Sales
  • Distressed sales were 9.4 percent of total sales in June 2015, with REO Sales making up 6 percent of total sales.
  • Florida has the largest share of distressed sales at 21 percent.
  • Only North Dakota and the District of Columbia are close to their pre-crisis distressed sales shares.

Distressed sales—real estate-owned (REO) and short...

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