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Understanding Why Consumers Fail to Refinance

The 2014 CoreLogic Academic Research Council Excellence Award Winners Are Announced

Mark Fleming    |    Housing Trends, Mortgage Trends

Today, I had the privilege of announcing the winners of the second annual CoreLogic Academic Research Council (CLARC) Excellence Award for scholarly research in the real estate and mortgage fields during our 26th Annual RiskSummit (the press release can be found here). This year, Benjamin J. Keys, Harris School of Public Policy,...

The Condo Comeback

What do Michael Phelps, Rosie O’Donnell and the Condo Market Have in Common?

Sam Khater    |    Housing Trends

The Condo Comeback

Though you might hear more about them in the mainstream news, Michael Phelps and Rosie O’Donnell are not the only ones making a comeback these days.  So is the condo market. In Q4 2013, condo construction completions in the U.S. reached 2,100 buildings, up 11 percent from 1,900 in Q4 2012 and up 90 percent from the trough of 1,100 in Q2 2012. While it is still only a small fraction of the 20,000 completions in Q1 2008, it reflects that the condo market has clearly made the turn...

Home Sales Increased by 9 Percent Year Over Year in May

May Distressed Sales Share the Lowest Since December 2007

Molly Boesel    |    Housing Trends

Home Sales Increased by 9 Percent Year Over Year in May

Home sales increased by 9 percent year over year in May 2014[1]  to a non-seasonally adjusted annual sales pace of 6.4 million, 18.5 percent higher than the 5.4 million pace reported for April 2014. The increase in month-to-month sales was due, in part, to the seasonal nature of the home sales. Improvement was led by sales of newly constructed homes, which increased by 17 percent, followed narrowly by re-sales, which were up...

“Generation Renter’s” Student Loan Burden

Does Increased Student Loan Debt Actually Prevent Homeownership?

Mark Fleming    |    Housing Trends

Earlier this week I attended an Urban Institute event entitled “Quantifying the Impact of Student Loan Debt on Homeownership, ” during which a panel of experts on housing, finance and education in the U.S. addressed a question that seems to be on many of our minds these days – is the increasing amount of student loan debt actually preventing the...

Cash Sales Made up 37 Percent of Total Home Sales in April

Cape Coral-Fort Myers, Fla. Leads the Nation in Cash Sales Share at 66 Percent

Molly Boesel    |    Housing Trends

Cash Sales Made up 37 Percent of Total Home Sales in April

Cash sales made up 36.8 percent of total home sales in April 2014, down from 40.1 percent from the same month a year ago and 38.5 percent from the previous month. While the cash sales share fell from March 2014, cash sales share comparisons should be made on a year-over-year basis due to the seasonal nature of the housing market. The cash sales share has fallen on a year-over-year basis each month since January 2013. Prior to the housing crisis, the cash sales share of total home sales...

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