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LATEST CORELOGIC ECON TWEETS

From Drought to Flood - the Sudden Exchange of One Hazard for Another in Texas

Tom Jeffery    |    Natural Hazard Risk

Among Texans, nearly every conversation about weather over the last several years has focused on the ongoing drought that has resulted in water supply shortages, mandatory restrictions of water use, severe wildfire conditions, and a considerable reduction in recreational lake activities and what were once “waterfront properties”.

But suddenly, the problem is not a lack of...

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

Michigan Had the Highest Distressed Sale Share of Any State

Molly Boesel    |    Mortgage Performance

Distressed sales—real estate-owned (REO) and short sales—accounted for 12.1 percent of total home sales nationally in March 2015, a 3.2 percentage point drop from March 2014 and a 1.9 percentage point decrease from February 2015. Distressed sales shares typically decrease month over month in March due to seasonal factors, and this distressed sales share was the lowest for the...

Hurricane Katrina: A Look Back After Ten-Years

Tom Jeffery    |    Natural Hazard Risk

The Atlantic was active in 2005 from the start of hurricane season. By late August, there had already been 10 named storms, including one Category 4 and one Category 5. Although there was damage from some of these storms, it all paled in comparison to what happened during the last week of August with the 11th named storm of the season.

Hurricane Katrina formed in the Bahamas...

Number of US Homes at Risk of Storm Surge Damage in 2015 Tops 6.6 Million

Total Reconstruction Cost Value of Homes is Nearly $1.5 Trillion

Tom Jeffery    |    Natural Hazard Risk

The U.S. Atlantic and Gulf coasts have been spared any significant hurricane damage over the past two years. While this is good news for residents living in these areas, it should not be perceived as the new normal.

New data released today by CoreLogic shows there are more than 6.6 million homes on the Atlantic and Gulf coasts at risk of damage from storm surge inundation. The...

Are New York Timelines Going to Subside?

A Speech from Outgoing NYDFS Superintendent

Stuart Quinn    |    Housing Policy

Benjamin Lawsky, superintendent of financial services for the State of New York announced his exit from the New York Department of Financial Services, the day after delivering remarks on modifying the New York judicial foreclosure...

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