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LATEST CORELOGIC ECON TWEETS

New Technology Is Changing the Way Carriers Inspect Properties

To inspect or not to inspect

Mikhail Palatnik    |    Insurance

Benefit of Optimized Inspection Program

When underwriting a new policy or renewing an existing one, Insurance carriers used to have one option when it came to understanding the property’s current condition. A physical, on-site inspection of the property was conducted to make sure it was being properly maintained and to identify needed repairs or significant upgrades. But since so many homes did not have maintenance issues or...

Notes from the Hill: June 2016

The 2016 Water Resources Development Act

Russell McIntyre    |    Housing Policy

This May, congressional attention turned toward the passage of the new Water Resources Development Act (WRDA), a longstanding piece of federal legislation first enacted in 1974 and reauthorized nine times since. This bill is the main vehicle used by Congress to finance water infrastructure projects across the nation, including flood control efforts, environmental restoration measures,...

Home Price Index Highlights: April 2016

National Home Prices Increased Nearly 6.2 Percent Year Over Year in April 2016

Molly Boesel    |    Property Valuation

HPI Blog
  • Home prices including distressed sales increased 6.2 percent year over year in April 2016 and forecast to increase by 5.3 percent over the next year.
  • Washington had the largest year-over-year price growth of any state in April 2016.
  • Appreciation slowed in some oil markets such as in two Texas metro areas: Houston-The Woodlands-Sugar Land logged a 3.9 percent...

Home Price Index Audio Clip: April 2016

Prices Are 7.9 Percent Below the 2006 Peak

Molly Boesel    |    Audio

HPI Audio

The April 2016 HPI shows that home prices increased 6.2 percent from a year ago. Washington state and Oregon led the nation in appreciation – both showing double-digit gains in April. After five years of rising prices, the national HPI is now just 7.9 percent below the peak reached in April 2006. With prices expected to increase in the 5 percent range over the next year, the HPI is...

Single-family Mortgage Default Rate Falls to pre-Recession Level

Loans Originated After 2008 Have Very Low Default Rates

Frank Nothaft    |    Videos

Frank Nothaft June Video Clip

Single-family mortgage default rates have fallen sharply over the last few years, and finally this year have retreated to levels last seen prior to the Great Recession. Measuring default by the percent of loans that are seriously delinquent, defined as loans that are at least three months delinquent or are in foreclosure proceedings, CoreLogic has reported that 3.1 percent...

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