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LATEST CORELOGIC ECON TWEETS

Cyber Security Galvanizes the 114th

Congress Makes the Most of First 12 Days in Session

Stuart Quinn    |    Housing Policy

  • The President’s budget has arrived in the 114th Congress, committee assignments are complete and the policy agenda continues to materialize with each passing week.
  • Cyber security remains the clear front-runner for actionable legislation in the new Congress as committees have conceded jurisdictional debates (for the mean time) and the dialogue to design effective...

National Foreclosure Inventory Down 33 Percent From January 2014

Maine Sees Largest Year-Over-Year State Improvement in Foreclosure Inventory

Shu Chen    |    Mortgage Performance

Today, CoreLogic reported that the national foreclosure inventory fell by 33.2 percent year over year in January 2015 to approximately 549,000 homes, or 1.4 percent of all homes with a mortgage, down from 822,000, or 2.0 percent, in January 2014. This marks 39 months of continuous year-over-year declines in the foreclosure...

Cash Transactions Made Up 35 Percent of All Home Sales in December 2014

Full Year 2014 Cash Sales Share was 2.8 Percentage Points Lower than Full Year 2013

Molly Boesel    |    Housing Trends

Cash sales made up 35.5 percent of total home sales in December 2014, down from 38.5 percent in December 2013. The year-over-year share has fallen each month since January 2013, making December the 24th consecutive month of declines. Month over month, the cash sales share fell by half of a percentage point. Due to seasonality in the housing market, cash sales share comparisons should be made...

January 2015 Home Prices Increased 5.7 Percent from a Year Ago

Colorado Had the Highest Year-Over-Year Appreciation in January

Molly Boesel    |    Property Valuation

Today, CoreLogic reported that January 2015 national home prices increased by 5.7 percent year over year and increased by 1.1 percent month over month. This marks 35 months of consecutive year-over-year increases in the CoreLogic Home Price Index (HPI). Excluding distressed sales, home prices also increased 5.6 percent year over year from January 2014 and were up 1.4 percent from December...

February 2015 Economic Outlook

Sam Khater    |    Housing Trends

  • Employers have added over 1 million people to their payrolls in the last 3 months; the largest increase in 18 years
  • Oil price drop has done more to increase consumer confidence than five years of economic growth
  • Soaring consumer confidence bodes well for new home sales and residential construction
  • Key oil market home price overvaluation much smaller...
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