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CoreLogic Econ

LATEST CORELOGIC ECON TWEETS

Sydney and Melbourne are the only capital cities with any significant increase in inflation

Cameron Kusher    |    International

Last week the Australian Bureau of Statistics (ABS) released its quarterly Consumer Price Index (CPI) data for the December 2015 quarter.  The data showed that inflationary pressures remain very low with headline inflation rising 1.7% over the year and core inflation (underlying inflation) increasing by 2.0% over the past year, which is right at the lower end of the Reserve Bank’s...

How High Will Interest Rates Go in 2016?

Federal Open Market Committee Has the Answer

Frank Nothaft    |    Mortgage Performance

Now that the Federal Open Market Committee (FOMC) has dipped its toe in the rate increase water, are they more likely to wade in slowly or jump in? Each quarter, the FOMC provides its economic projection and details on each of the 17 members’ view on the level of the federal funds rate[1], with the last projection having been...

Distressed Sales Accounted for 12 Percent of Homes Sold Nationally in November 2015

Denver Had the Lowest Distressed Sales Share

Molly Boesel    |    Mortgage Performance

  • Of total sales in November 2015, distressed sales made up 11.9 percent and real estate-owned (REO) sales made up 8.7 percent  
  • Maryland remains the state with the largest share of distressed sales among all states at 20.3 percent
  • Denver-Aurora-Lakewood, Colo. had the lowest distressed sales share among the largest Core Based Statistical Areas (CBSAs) at...

National Months’ Supply of Homes For Sale at 5.7 in October 2015

Denver has the lowest months’ supply in October

Shu Chen    |    Housing Trends

Figure 1 Months' Supply By Price Tier

The U.S. home sales market remains strong, and the for-sale inventory remains lean. Nationally, the number of homes for-sale equated to a 5.7 months’ supply1 in October 2015, back down to the pre-housing-crisis level and only a third of its peak in January 2008.

Figure 1 breaks out the months’ supply into four price tiers: low price (0-75 percent of median...

Housing in The State of the Union Address

A Review of the Text

Stuart Quinn    |    Housing Policy

State of the Union Speeches

Every year the President delivers the State of the Union as required by Article II, Section 4 of the United States Constitution, and on January 12, 2016, President Obama continued this 200-plus-year-old tradition. The Administration has made it clear that despite the President’s endowed authority to give one more speech in January of 2017, this will be his last State of the Union...

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