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Housing Trends

Cash and Distressed Sales Update: July 2016

Cash Sales Accounted for Just Under 30 Percent of All Home Sales in July

Molly Boesel    |    Housing Trends

Cash Sales Share by Sale Type
  • The cash sales share fell 1.9 percentage points from July 2015
  • Of total sales in July 2016, distressed sales accounted for 7.2 percent and real estate-owned (REO) sales accounted for 4.3 percent
  • The REO sales share in July was the lowest for any month since July 2007

Cash sales accounted for 29.7 percent of total home sales in July 2016, down...

Six Key Takeaways from the 2015 HMDA Numbers

CoreLogic Origination Estimate Tracks HMDA Closely

Molly Boesel    |    Housing Trends

First Lien Mortgage Originations

The 2015 federal Home Mortgage Disclosure Act (HMDA) numbers are in and they line up closely with CoreLogic’s estimate of total home loan origination last year[1]. The CoreLogic estimate for single-family first-lien mortgage originations of $1.69 trillion in 2015 was just a hair above HMDA’s $1.64 trillion and...

Mortgage Concentrations Have Fallen Below Pre-Crash Levels

Top 10 Lenders Now Command Less Than 25 Percent of Total Volume

Molly Boesel    |    Housing Trends

Market Composition is Changing

The market share of top lenders, which jumped just after the 2007-2009 recession, has fallen to levels below the ones that existed before the mortgage crash.

A 10-year retrospective shows that as of August of this year[1], the top 10 first lien originators controlled 23 percent of mortgage dollars originated, a substantial...

Distressed Sales Update: June 2016

Distressed Sales Accounted for 8 Percent of Homes Sold Nationally in June 2016

Molly Boesel    |    Housing Trends

  • Of total sales in June 2016, distressed sales accounted for 7.8 percent and real estate-owned (REO) sales accounted for 4.9 percent
  • The REO sales share was 23 percentage points below its peak of 27.9 percent in January 2009
  • Distressed sales shares fell in most states, including the oil markets

Distressed sales, which include REO and short...

Cash Sales Update: June 2016

Cash Sales Share Below 30 Percent is First Since 2007

Molly Boesel    |    Housing Trends

Cash sales accounted for 29.3 percent of total home sales in June 2016, down 2.5 percentage points year over year from June 2015. On a month-over-month basis, the cash sales share fell by 0.9 percentage points in June 2016 compared with May 2016. The cash sales share peaked in January 2011 when cash transactions accounted for 46.6 percent of total home sales nationally. June 2016 marks the...

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