A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in March 0.6 percent from the year before and increased by 0.6 percent from the month before. Excluding distressed sales, month-over-month home prices increased for the third month in a row. If we take distressed sales out of the picture then the year-over-year home prices increased 0.9 percent. [...]
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The U.S. foreclosure rate in February was 3.4 percent of all homes with a mortgage, the same rate as the month before and down slightly from a year before when the rate was 3.6 percent. The U.S. mortgage delinquency rate in February was 7.3 percent, up slightly from the month before when the rate was 7.2 percent but down significantly from a year before when the rate was 7.8 percent. [...] st-louis-realtor-dennis-norman-shadow-inventory-corelogicA report released this morning by CoreLogic shows that the current residential “shadow” inventory as of January 2012 was 1.6 million units, equivalent to a 6-months’ supply, and approximately the same level last reported in October 2011. The shadow inventory is down from a year ago though, when it was at 1.8 million units, or an 8-months’ supply. Currently, the flow of new seriously delinquent (90 days or more) loans into the shadow inventory has been offset by the roughly equal flow of distressed sales (short and real estate owned), according to the report. “Almost half of the shadow inventory is not yet in the foreclosure process,” said Mark Fleming, chief economist for CoreLogic. “Shadow inventory also remains concentrated in states impacted by sharp price declines and states with long foreclosure timelines.” [...] Today, CoreLogic, a leading provider of real estate market information, released its March CoreLogic MarketPulse report which had a fairly optimistic outlook on the market including the fact that today 25 percent of all markets are experiencing increases in home prices which is in stark contrast to the height of the housing bust when 96 percent of all markets saw home prices fall. [...] A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in January 3.1 percent from the year before and declined by 1.0 percent from the month before marking the sixth consecutive monthly decline in home prices. Excluding distressed sales, year-over-year prices declined by 0.9 percent in January 2012 compared to January 2011 and month-over-month home prices increased 0.7 percent in January. Distressed sales include short sales and real estate owned (REO) transactions. [...] A report released today by CoreLogic shows that nationally 11.1 million, or 22. 8 percent , of homeowners with a mortgage were in a negative equity position at the end of the fourth quarter of 2011. This was an increase from 22.1 percent for the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and refers to homeowners that owe more on their mortgages than their homes are worth. [...] According to a report just released by CoreLogic, there were 830,000 foreclosures completed during the year in 2011, a 24 percent decrease from 2010 when there were 1.1 million. For the month of December, there were 55,000 foreclosures, down 3.5 percent from November when there were 57,000 and down 17.9 percent from December 2010 when there were 67,000 foreclosures completed. [...] A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in November 4.3 percent from the year before and declined by 1.4 percent from the month before marking the fourth consecutive monthly decline in home prices. [...] A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in October 4.4 percent from the year before and declined by 1.1 percent from the month before marking the third consecutive monthly decline in home prices. [...] A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in September 4.4 percent from the year before and declined by 1.1 percent from the month before marking the second consecutive monthly decline in home prices. [...] A report released this morning by CoreLogic shows that the current residential “shadow” inventory as of July 2011 declined slightly from 1.7 million units in April to 1.6 million units, and was down from 1.9 million units a year ago. This current shadow inventory represents a 5 month supply. CoreLogic includes in it’s shadow [...] A report released today by CoreLogic shows that 22.5 percent (10.9 million) of all homeowners in the U.S. with a mortgage were in a negative equity position in the second quarter of 2011, down slightly from 22.7 percent the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and [...] A report released by CoreLogic shows U.S. home prices increased in June 2011 by 0.7 percent from the month before, marking the third consecutive month-over-month increase. However, U.S. home prices in June 2011 decreased 6.8 percent from the year before. If we take the distressed sales (foreclosures, REO’s and short-sales) then year-over-year home prices [...] A report released this morning by CoreLogic shows that the current residential “shadow” inventory as of April 2011 declined to 1.7 million units, down from 1.9 million units a year ago. This current shadow inventory represents a 5 month supply, same as the supply a year ago. [...] A report released today by CoreLogic shows that 22.7 percent (10.9 million) of all US homeowners with a mortgage were in a negative equity position in the first quarter of 2011, down slightly from 23.1 percent (11.1 million) the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and [...] A report released this morning by CoreLogic shows home prices in the U.S. declined in March by 7.5 percent from the year before, marking the eighth-consecutive month year-over-year home prices have dropped, according to their index. The prior months report showed home prices had decreased by 5.8 percent from a year ago so unfortunately [...] A report released this morning by CoreLogic shows home prices in the U.S. declined in February by 6.7 percent from the year before, marking the seventh-consecutive month year-over-year home prices have dropped, according to their index. The prior months report showed home prices had decreased by 5.5 percent from a year ago so unfortunately [...] A report released this morning by CoreLogic shows that the current residential “shadow” inventory as of January 2011 declined to 1.8 million units, down slightly from 2.0 million units a year ago. This current shadow inventory represents a 9 month supply, same as the suply a year ago. [...] A report released this morning by CoreLogic shows home prices in the U.S. declined in January by 5.7 percent from the year before, marking the sixth-consecutive month year-over-year home prices have dropped, according to their index. The January data shows home prices continuing to slide. Mark Fleming, chief economist with CoreLogic, said, “A number [...] A report released this morning by CoreLogic shows negative equity, after decreasing for the three prior quarters, increased in the fourth quarter of 2010 for residential properties. The CoreLogic reports that 11.1 million, or 23.1 percent, of all residential properties with mortgages were in negative equity at the end of the fourth quarter of [...] Today, CoreLogic released its “U.S. Housing and Mortgage Trends Report” which stated “their research indicates that the most popular measure of existing home sales is overstated by 15 percent to 20 percent. ” [...] Today, CoreLogic released its December Home Price Index (HPI) showing that home prices in the U.S. declined for the fifth-straight month. The report shows home prices declined by 5.46 percent in December 2010 compared with December 2009. [...] Today, CoreLogic released its November Home Price Index (HPI) showing that home prices in the U.S. declined for the fourth-straight month. The report shows home prices declined by 5.07 percent in November 2010 compared with November 2009. [...] A report released today by CoreLogic shows that, while the overall inventory of homes for sale has remained the same in the past year at 4.2 million new and existing homes for sale as of August, the number of homes in “shadow inventory” has grown from 6.1 million a year before to 6.3 million as [...]
Dennis Norman A report released by CoreLogic shows the foreclosure rate in the US in August was 3.19 percent, an increase of 15.5 percent from a year ago when the national foreclosure rate was 2.77 percent. The national rate for seriously delinquent mortgage’s (mortgages that are 90+ days delinquent) for August was 7.79 percent, [...]
Dennis Norman A report by CoreLogic cautions that recent data showing improvements in negative equity, serious mortgage delinquency and a decrease in market share of short-sales, has been distorted as a result of the short-term boost in the “non-distressed” housing market by the homebuyer tax credit program, which recently ended. [...]
Dennis Norman After a couple of days of writing about bad reports on the housing market (existing home sales and new home sales to name two) I’m excited that I actually get to write something today that is positive! According to newly released data from CoreLogic, the percentage of homeowners in the U.S. with [...]
Dennis Norman A report just released by CoreLogic estimate the financial impact of short-sale fraud to be $310 million annually. It is estimated there is fraud in one in every 53 short sale transactions resulting in an unnecessary loss to the lender of $41,000 per transaction on average. [...]
Dennis Norman Report looks at impact of the BP Deepwater Horizon Oil spill on Florida Coastal home values According to a report released this morning by CoreLogic the impact of the BP DeepWater Horizon oil spill on home values in the coastal area’s along the Gulf coast is expected to range from [...] |
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