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CoreLogic Econ

LATEST CORELOGIC ECON TWEETS

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...

April 2015 National Home Prices Increased 6.8 Percent Year Over Year

Low-End Home Prices Surpass January 2006 Peak

Molly Boesel    |    Property Valuation

CoreLogic reported today that April 2015 national home prices increased by 6.8 percent year over year and increased by 2.7 percent month over month. This marks 38 months of consecutive year-over-year increases in the CoreLogic Home Price Index (HPI®). Excluding distressed sales, home prices increased by 6.8 percent year over year from April 2014 and were up by 2.3 percent from March...

CoreLogic Renter Applicant Risk Index Shows a Continued Upward Trend of Renter Credit Quality

Midwest Region of the U.S. Shows Highest Renter Applicant Risk in Q1 2015

Jianjun Xie    |    Housing Trends

The CoreLogic SafeRent Renter Applicant Risk (RAR) Index indicates the credit quality of renter applicants improved nationwide year over year as of Q1 2015 (Figure 1). According to the data, the risk of default among renters nationwide decreased year over year with an index value of 108 in Q1 2015 compared to an index value of 106 in Q1 2014. The two-point year-over-year increase in the...

What are the Most Active New Sales Markets?

Hint: Think Country Music

Sam Khater    |    Housing Trends

New home sales have totaled 441,000 over the last 12 months ending in January, up 3 percent from a year ago1. While still below the 660,000 annual average of the last 50 years, the national and regional data available from the Census Bureau mask local pockets of strength. In this post, we use public record deeds as the source of new home sales to examine patterns in the 50...

Cash Sales Made Up 38 Percent of All Home Sales in February 2015

The Cash Share of Sales Has Decreased 9 Percentage Points from Peak

Molly Boesel    |    Housing Trends

Cash sales made up 37.9 percent of total home sales in February 2015, down from 40.6 percent in February 2014. The year-over-year share has fallen each month since January 2013, making February 2015 the 26th consecutive month of declines. Month over month, the cash sales share fell by 1 percentage point. Due to seasonality in the housing market, cash sales share comparisons should be made on...

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