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Blog Entries by Molly Boesel

Number of Loans in Foreclosure Lowest Since November 2007

Foreclosure Inventory at 67 Percent Below Peak

Molly Boesel    |    Mortgage Performance

CoreLogic reported today that the national foreclosure inventory fell by 24.9 percent year over year in April 2015 to approximately 521,000 homes, or 1.4 percent of all homes with a mortgage. This marks 42 months of consecutive year-over-year declines, as shown in...

Distressed Sales Accounted for 12 Percent of Homes Sold Nationally in March 2015

Michigan Had the Highest Distressed Sale Share of Any State

Molly Boesel    |    Mortgage Performance

Distressed sales—real estate-owned (REO) and short sales—accounted for 12.1 percent of total home sales nationally in March 2015, a 3.2 percentage point drop from March 2014 and a 1.9 percentage point decrease from February 2015. Distressed sales shares typically decrease month over month in March due to seasonal factors, and this distressed sales share was the lowest for the...

April 2015 National Home Prices Increased 6.8 Percent Year Over Year

Low-End Home Prices Surpass January 2006 Peak

Molly Boesel    |    Property Valuation

CoreLogic reported today that April 2015 national home prices increased by 6.8 percent year over year and increased by 2.7 percent month over month. This marks 38 months of consecutive year-over-year increases in the CoreLogic Home Price Index (HPI®). Excluding distressed sales, home prices increased by 6.8 percent year over year from April 2014 and were up by 2.3 percent from March...

Cash Sales Made Up 38 Percent of All Home Sales in February 2015

The Cash Share of Sales Has Decreased 9 Percentage Points from Peak

Molly Boesel    |    Housing Trends

Cash sales made up 37.9 percent of total home sales in February 2015, down from 40.6 percent in February 2014. The year-over-year share has fallen each month since January 2013, making February 2015 the 26th consecutive month of declines. Month over month, the cash sales share fell by 1 percentage point. Due to seasonality in the housing market, cash sales share comparisons should be made on...

Number of Loans in Foreclosure Lowest Since December 2007

Judicial States Account for Nearly Three-Quarters of Loans in Foreclosure

Molly Boesel    |    Mortgage Performance

CoreLogic reported today that the national foreclosure inventory fell by 25.7 percent year over year in March 2015 to approximately 542,000 homes, or 1.4 percent of all homes with a mortgage. This marks 41 months of consecutive year-over-year declines, as shown in Figure 1. Also in March 2015, the 12-month sum of completed...

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