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LATEST CORELOGIC ECON TWEETS

Housing-Related Spending Made Up 17.5 Percent of GDP in the Second Quarter of 2014

Second-Quarter GDP Bounces Back From First Quarter Drop

Molly Boesel    |    Economic Trends, Housing Trends

Housing-Related GDP Growth Lagged Overall GDP Growth

The U.S. Bureau of Economic Analysis released its advance estimate of Q2 2014 gross domestic product (GDP) today and the numbers show a large bounceback in overall quarterly GDP growth and upward revisions in Q1 2014 overall GDP growth.  The second-quarter 2014 year-over-year growth rate for overall GDP was 2.4 percent, and the housing-related GDP growth was 1.4 percent. The second-quarter overall GDP growth rate was 4.0 percent, up from -2.1 percent from the first quarter, and...

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,...

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,...

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...

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