Tag Archives: CoreLogic

The share of cash sales in the housing market have dropped to their lowest point since September 2008. According to the CoreLogic July 2015 MarketPulse report, cash sales made up 33.7 percent of total home sales in April 2015, a decrease from 37.4 percent in April 2014.

Although home sales in the U.S. have reached their highest peak since 2007 during the first four months of 2015, foreign homebuyers are not adding to these growing sales. According to a blog by Frank Nothaft, CoreLogic’s chief economist, in relation to the same period one year ago, home sales jumped 9 percent with the help of lower fixed mortgage rates by one-half percentage point, but foreign buyers did not help with this increase.

Home prices nationwide, including distressed sales, increased by 6.3 percent in May 2015 compared to this time last year, according to CoreLogic’s May 2015 Home Price Index Report (HPI). This will make 39 months of consecutive year-over-year increases in home prices nationally.

Although home prices have continued to rise at a slow pace for most markets, they are still at normal price levels or undervalued, according to the CoreLogic Market Condition Indicators. However, Mark Liu, principal economist at CoreLogic identified that seven of the top 100 metropolitan markets—four in Texas alone—have been identified as being overvalued, an increase from four markets in October 2014.

CoreLogic recently announced the release of its LoanSafe Compliance Manager, a new solution to help lenders comply with a broad array of federal, state, and local residential mortgage lending regulations, including the upcoming TILA-RESPA Integrated Disclosure (TRID) rule.

Housing market watchers have been waiting to see what will happen in parts of the U.S. with heavy oil-related employment, according to CoreLogic’s report on their Insights Blog titled “Housing Market Strength in Oil Metros, Equity Position of Texas Oil Metros is Strong.” Between the fall of 2014 and this spring, oil prices fell 42 percent causing those who consistently monitor the housing market to wonder about the effect that this will have on the real estate industry.

Approximately 254,000 properties regained equity in the first quarter of 2015, bringing the total of residential mortgaged properties with equity nationwide up to 44.9 million – approximately 90 percent of all mortgages, according to data released by CoreLogic on Tuesday.

For the 27th consecutive month, cash sales made have fallen to 34.6 percent of total home sales nationally in March 2015, down from 39 percent in March 2014, according to CoreLogic data released today.

Global property information, analytics and data-enabled services provider CoreLogic, Inc. recently released its 2015 Storm Surge Analysis which found that more than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge damage. The total reconstruction cost value (RCV) is nearly $1.5 trillion for the storm surge damages.

According to a recent press release, CoreLogic, Inc., a leading global property information, analytics, and data-enabled services provider, announced that its nationwide building permit database has reached over 28 million residential, commercial, and industrial building permits. It also now tracks more than 35 permit types, covering 65 percent of the U.S. residential and commercial market.