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LATEST CORELOGIC ECON TWEETS

Houston Update

Signs of Weakness in Sales, But No Signs of Weakness in Mortgage Performance

Molly Boesel    |    Mortgage Performance

Transition Rate Houston Rate Close to 15 year low

Ever since oil prices started collapsing in fall 2014 researchers have looked for signs of weakness in the Houston metropolitan area’s housing market, given the region’s heavy reliance oil-related jobs. The first sign came last week when the Houston Association of Realtors (HAR) reported that single-family home sales fell sharply in October 2015 compared with a year earlier...

Demographic Bulge to Drive Long-term Home Sale and Rental Markets

Millennials & Babyboomers Will be Strong Tailwinds Going Forward

Frank Nothaft    |    Housing Trends

large demographic tailwind has arrived

Demographic forces will power housing demand in coming years as the millennial cohorts come into prime ages for forming households and buying first or second homes. The housing market has begun to feel the effects of this trend and the aging of the second largest cohort—the baby boomers.

Census Bureau data shows that during 2014, the largest single-age group of younger...

What’s the Deal with Michigan Foreclosures?

Wayne County auction spikes numbers each September

Sam Khater    |    Mortgage Performance

Each September, Wayne County, Mich. (part of the Detroit metropolitan area) puts up for auction tens of thousands of properties whose owners are more than three years behind on their property taxes. The auction is so large that it is apparent in the Michigan and U.S. completed foreclosure numbers. CoreLogic reports foreclosure trends each month, and recently launched an Insights App where...

Foreclosure Inventory Falls 24 Percent in September 2015

Foreclosure Rate Lowest in Nearly Eight Years

Molly Boesel    |    Mortgage Performance

Distressed inventory continues to shrink
  • The foreclosure inventory fell 24.3 percent year over year in September 2015.
  • The seriously delinquent inventory fell 21.2 percent year over year in September 2015.
  • The foreclosure rate in judicial foreclosure states is more than three times that of non-judicial foreclosure states.

The national foreclosure inventory fell 24.3 percent year over...

CoreLogic U.S. Economic Outlook- November 2015

Home Prices Rise Fastest for Most Affordable Homes

Frank Nothaft    |    Mortgage Performance, Videos

Economic Outlook November 2015

Prices have continued to rise at a solid pace for most homes in the U.S. as evidenced by the CoreLogic national Home Price Index (HPITM) which shows that home prices rose more than 6 percent this year through September 2015. But national home price indexes mask important differences in various submarkets, obscuring trends by neighborhood or by value...

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