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Blog Entries By Sam Khater

The 2015 Housing Outlook

Economic Fundamentals Finally Back in the Driver’s Seat

Sam Khater    |    Housing Trends

  • The U.S. economy is picking up steam, as strong employment growth is exhibited within the first-time homebuyer age group.
  • Home sales will increase by 9 percent in 2015, housing starts are expected to grow 14 percent and home price growth is expected to moderate.
  • Markets with the highest home price appreciation reflect fundamental strengths of their economies, particularly technology and energy. However, the drop in oil prices may alter the...

A Ripple, Not a Wave

Predicting the Impact from Future HELOC Loan Resets

Sam Khater    |    Housing Trends

The surge in mortgage debt during the mid-2000s was partly fueled by an increase in home equity lines of credit (HELOC) loans as borrowers took advantage of the rapid run-up in home prices to extract equity. Borrowers tapped home equity to supplement their incomes to provide an additional source of liquidity. Part of the reason for the soaring popularity of HELOCs was that unlike the first-lien mortgage market, which is composed primarily of fully amortizing loans, HELOC loans were...

The Long-Term Rise of Condo Sales

Naples, Houston and Denver Are The Three Fastest Growing Condo Markets in the US

Sam Khater    |    Housing Trends

In July we analyzed the normalization of existing condo prices relative to the single-family housing market, which we concluded was a prelude to recovery in prices for the new condo market. But to truly understand what’s happening with condos now and in months or years to come, we have to look at part two of the condo comeback: sales, on their own and as a function of all home sales.

Historical...

Foreclosure Inventory Down 34 Percent Nationally From a Year Ago

New England’s Recovery On Par with the U.S.

Sam Khater    |    Housing Trends

Distressed Inventory Continues to Shrink

Last week CoreLogic reported that the national foreclosure inventory fell by 34 percent year over year in July 2014 to approximately 640,000 homes, or 1.3 percent of all homes with a mortgage, down from 976,000, or 2.4 percent, in June 2013. This marks 33 months of continuous year-over-year declines in the inventory of foreclosed homes, including 18 straight months of declines greater than 20 percent, as shown in Figure 1. Also in July, the 12-month sum of completed foreclosures continued...

Foreclosure Inventory Down 35 Percent Nationally From a Year Ago

Among The Top 3 Foreclosure States, Florida Is Improving the Most

Sam Khater    |    Housing Trends

Today CoreLogic reported that the national foreclosure inventory fell by 35 percent in June 2014 to approximately 648,000 homes, or 1.7 percent of all homes with a mortgage, from 998,000, or 2.5 percent, in June 2013. This marks 32 months of continuous year-over-year declines in the inventory of foreclosed homes, including 17 straight months of declines greater than 20 percent, as shown in Figure 1. Additionally, in June the 12-month sum of completed foreclosures continues to decline,...

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