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Blog Entries by Molly Boesel

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

REO Share is the Lowest Since October 2007

Molly Boesel    |    Mortgage Performance

Distressed Sales as Percentage of Total Sales

Distressed sales—real estate-owned (REO) and short sales—accounted for 9.9 percent of total home sales nationally in May 2015, down 2.8 percentage points from May 2014 and down 1.7 percentage points from April 2015. Distressed sales shares typically decrease month over month in May due to seasonal factors, and this distressed sales share was the lowest for the month of May since...

June 2015 National Home Prices Increased 6.5 Percent Year Over Year

Low-End Home Prices 5.5 Percent Above Pre-Crisis Peak

Molly Boesel    |    Property Valuation

YoY HPI Growth for 25 Highest Appreciating States
  • Home prices including distressed sales increased 6.5 percent year over year in June 2015 and remain 7.4 percent below the April 2006 peak.
  • Only four states had year-over-over price depreciation in June 2015, and 15 states and the District of Columbia reached new HPI highs.
  • The low price tier is 5.5 percent above its pre-crisis peak.

CoreLogic...

Cash Sales Made Up 34 Percent of All Home Sales in April 2015

Lowest Cash Sales Share Since September 2008

Molly Boesel    |    Housing Trends

Cash Sales Share by Sale Type

Cash sales made up 33.7 percent of total home sales in April 2015, down from 37.4 percent in April 2014. The year-over-year share has fallen each month since January 2013, making April 2015 the 28th consecutive month of declines. Month over month, the cash sales share fell by 0.9 percentage points. Due to seasonality in the housing market, cash sales share comparisons should be made on a...

Foreclosure Inventory Falls 27 Percent in May 2015

Florida Has the Largest Year-Over-Year Drop in Foreclosure Inventory

Molly Boesel    |    Mortgage Performance

  • The foreclosure inventory fell 27.4 percent year over year in May 2015 to 491,000 loans.
  • The seriously delinquent inventory fell 22.7 percent year over year in May 2015 to 1.3 million loans.
  • Only three states and the District of Columbia had year-over-year increases in foreclosure inventory.

CoreLogic...

Distressed Sales Accounted for 11 Percent of Homes Sold Nationally in April 2015

Only Two States are Near ‘Normal’ Distressed Sales Share

Molly Boesel    |    Mortgage Performance

Distressed sales—real estate-owned (REO) and short sales—accounted for 11.1 percent of total home sales nationally in April 2015, down 3 percentage points from April 2014 and a 1.5 percentage point decrease from March 2015. Distressed sales shares typically decrease month over month in April due to seasonal factors, and this distressed sales share was the lowest for the month of...

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