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LATEST CORELOGIC ECON TWEETS

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...

Pinpointing Hurricane Risk Home by Home

Analysis Shows More Than 6.5 Million U.S. Homes Valued at Nearly $1.5 Trillion at Risk of Hurricane Storm Surge Damage

Tom Jeffery    |    Natural Hazards

Pinpointing Hurricane Risk

This year, we’re ushering in the 2014 hurricane season, which officially began on June 1, in the wake of a fairly inactive past season and amid projections of slightly below-normal activity for the months to come. Though a number of tropical storms and hurricanes formed in the Atlantic in 2013, none made landfall in the U.S. Scientists are predicting more activity than last year in the season ahead, which has already proven true with Hurricane Arthur becoming the first official named...

Foreclosure Inventory Down 37 Percent Nationally From a Year Ago

Inventory Improvement is Most Impressive in Southwestern States

Sam Khater    |    Housing Trends

Today CoreLogic reported that the national foreclosure inventory fell by 37 percent in May 2014 to approximately 660,100 homes, or 1.7 percent of all homes with a mortgage, from 1.0 million, or 2.6 percent, in May 2013. This marks 31 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 May the 12-month sum of completed foreclosures continues to decline,...

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