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Blog Entries by Molly Boesel

Wayne County Foreclosures Fall Sharply

Annual Auction Still Visible In National Numbers

Molly Boesel    |    Property Valuation

Wayne County Completed FCL

Each September Wayne County, Mich., experiences a spike in completed foreclosures as a result of an annual auction of tax-delinquent properties. The tax foreclosure process is lengthy (owners of the foreclosed properties are typically delinquent on property taxes for three years) and Michigan state law requires the auction of the foreclosed properties. The number of tax-delinquent properties...

Home Price Index Highlights: December 2016

National Home Prices Increased 7.2 Percent Year Over Year in December 2016

Molly Boesel    |    Property Valuation

HPI Blog
  • Home prices forecast to rise 4.7 percent over the next year.
  • Home prices rose 5.6 percent for full year 2016.
  • Adjusting for inflation, home prices are still 18.6 percent below their peak.

National home prices increased 7.2 percent year over year in December 2016, according to the latest...

Home Price Index Audio Clip: December 2016

National Home Prices Increased 7.2 Percent Year Over Year in December 2016

Molly Boesel    |    Audio

The CoreLogic Home Price Index ended 2016 with strong gains. The December HPI rose 7.2 percent from a year ago, and the full-year 2016 HPI was up 5.6 percent over full year 2015. The HPI is closing in on the 2006 peak, and is only 3.9 percent below that value. The HPI excluding distressed sales has now completely recovered from the housing crisis, once again reaching the...

Cash and Distressed Sales Update: October 2016

Distressed Sales Made Up 7.7 Percent of All Home Sales in October and Is Back to 2007 Levels

Molly Boesel    |    Housing Trends

Cash Sales Share by Sale Type
  • The cash sales share was 31.8 percent in October
  • The distressed sales share fell 2.9 percentage points year over year from October 2015
  • The distressed sales share fell in all but eight states

Cash sales accounted for 31.8 percent of total home sales in October 2016, down 2.7 percentage points year over year from October 2015. The cash sales...

Foreclosure Report Highlights: November 2016

The Foreclosure Rate in Non-Judicial States Is Now Back to Pre-Crisis Levels

Molly Boesel    |    Mortgage Performance

  • The November 2016 foreclosure inventory was 79.2 percent below the January 2011 peak.
  • The inventory of mortgages in serious delinquency fell 22.1 percent year over year in November 2016.
  • Wyoming was the only state to experience a year-over-year increase in its serious delinquency rate.

The national foreclosure inventory – the number of...

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