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CoreLogic Econ

LATEST CORELOGIC ECON TWEETS

SoCal Caps 2016 with Steady Home Price Growth and Modest Sales Gain

Some Areas Appear Modestly “Overvalued” Relative to Incomes

Andrew LePage    |    Housing Trends

SoCal Counties YOY Change in Home Prices

Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record luxury sales, and lower levels of investor purchases and distressed sales. But inventory remained tight, exacerbating the affordability crunch, and there were stronger signs of a disconnect between home...

Foreclosure Report Highlights: December 2016

Distressed Homes Inventory Drops 19 Percent Year Over Year

Molly Boesel    |    Mortgage Performance

Distressed Inventory Cont to Shrink
  • The December 2016 foreclosure inventory was 78.9 percent below the January 2011 peak.
  • The inventory of mortgages in serious delinquency fell 19.4 percent year over year in December 2016.
  • Judicial foreclosure states are keeping the foreclosure rate above the pre-crisis rate.

The national foreclosure inventory – the number of loans in the...

“I must be covered; I have Homeowners Insurance!”

What you don’t know about your policy can hurt you... financially

Edward Martinez    |    Insurance

Fire

It’s often been said, “it’s better to have insurance and not need it than to need it and not have it” as a homeowner I do have insurance so I must be covered…. right....well there is more to the story.

Understanding what is and what is not covered requires an in-depth look into how Insurance policies differ from one another. Having a firm understanding...

Wayne County Foreclosures Fall Sharply

Annual Auction Still Visible In National Numbers

Molly Boesel    |    Property Valuation

Wayne County Completed FCL

Each September Wayne County, Mich., experiences a spike in completed foreclosures as a result of an annual auction of tax-delinquent properties. The tax foreclosure process is lengthy (owners of the foreclosed properties are typically delinquent on property taxes for three years) and Michigan state law requires the auction of the foreclosed properties. The number of tax-delinquent properties...

Notes from The Hill: HUD Nominee Confirmation Hearing

Carson Up to Speed on Key Native American Housing Act

Russell McIntyre    |    Housing Policy

Capital

The Department of Housing and Urban Development (HUD) distributes more than $700 million a year in housing assistance to the nation’s American Indian tribes and administers loan programs that have guaranteed more than $5 billion in mortgage money for Native Americans. The Secretary-designate of HUD demonstrated he has a working knowledge of this niche of the agency at his recent...

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