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CoreLogic Econ


National Months’ Supply of Homes For Sale at 5.7 in October 2015

Denver has the lowest months’ supply in October

Shu Chen    |    Housing Trends

Figure 1 Months' Supply By Price Tier

The U.S. home sales market remains strong, and the for-sale inventory remains lean. Nationally, the number of homes for-sale equated to a 5.7 months’ supply1 in October 2015, back down to the pre-housing-crisis level and only a third of its peak in January 2008.

Figure 1 breaks out the months’ supply into four price tiers: low price (0-75 percent of median...

Rent or Buy?

National Price-to-Rent Ratio 5.7 Percent Below Pre-Crisis Peak

Shu Chen    |    Housing Trends

Median Home Prices and Rent Indices

Buying or renting a house is always a big decision for households. It’s also important for millennials who, recently graduated from school, may be moving to a different city to start a career, buy a house and build a family. Just like buying stocks, no one wants to buy a house when the price is high. Seven years after the last housing bubble bust, home prices, especially in the lower...

July 2015 U.S. National Home Prices Increased 6.9 Percent Year Over Year

Low-Price tier 6.1 Percent Above Pre-Crisis Peak

Shu Chen    |    Property Valuation

  • U.S. Home prices including distressed sales increased 6.9 percent year over year in July 2015 and remain 6.6 percent below the April 2006 peak.
  • Fifteen states reached new HPI highs.
  • The low price tier is 6.1 percent above its pre-crisis peak.

CoreLogic reported today that national home prices in July 2015 increased 6.9 percent year over year...

February 2015 National Home Prices Increased 5.6 Percent from a Year Ago

Colorado Had the Highest Year-Over-Year Appreciation in February

Shu Chen    |    Property Valuation

CoreLogic reported today that February 2015 national home prices increased by 5.6 percent year over year and increased by 1.1 percent month over month. This marks 36 months of consecutive year-over-year increases in the CoreLogic Home Price Index (HPI). Excluding distressed sales, home prices increased 5.8 percent year over year from February 2014 and were up 1.5 percent from January 2015....

Dollar Volume of Negative Equity Increased $7 Billion from Q3 to Q4 2014

Quarter-Over-Quarter Increase Due to Seasonality

Shu Chen    |    Property Valuation

According to the latest CoreLogic Equity Report, released today, the nationwide negative equity share increased from 10.4 percent in Q3 2014 to 10.8 percent in Q4 2014, and the number of underwater borrowers (or those in negative equity) increased from 5.2 million to 5.4 million. The total dollar amount of negative equity...