Tag Archives: CoreLogic

New home sales have seen a slow recovery since reaching a trough in 2011, but the recent pickup demonstrates how underlying economic fundamentals are improving.

CoreLogic, based in Irvine, California, announced the availability of its LoanSafe suite of risk mitigation solutions through seven different loan origination systems (LOS).

Including distressed sales, home prices rose 10.5 percent year-over-year in March, marking the biggest annual gain in seven years, according to CoreLogic's Home Price Index (HPI). "For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year," said Dr. Mark Fleming, chief economist for CoreLogic. "The pace of appreciation has been accelerating throughout 2012 and so far in 2013 leading into the home buying season."

CoreLogic, a leading residential property information, analytics, and services provider headquartered in California, announced its acquisition of Case-Shiller from Fiserv, Inc. The acquisition closed March 20. In addition to offering the Case-Shiller Indexes├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øwhich will be renamed the CoreLogic Case-Shiller Indexes├â┬ó├óÔÇÜ┬¼├óÔé¼┬ØCoreLogic will continue to offer its own Home Price Index (HPI), the company announced.

CoreLogic's Home Price Index (HPI) posted its largest annual increase in nearly seven years in February. Among the largest metros, Phoenix posted the largest year-over-year increase at 20.8 percent. Other metros that posted double-digit increases included Los Angeles (+14.5 percent), Riverside (+13.2 percent), and Atlanta (+12.4 percent). Furthermore, CoreLogic's Pending HPI projects another 10.2 percent year-over-year increase. From February to March, prices are expected to rise by 1.2 percent.

CoreLogic's Home Price Index (HPI) saw its greatest yearly increase in nearly seven years in January, the analytics provider revealed Tuesday. Home prices nationwide--including distressed sales--rose on a year-over-year basis by 9.7 percent in January. The spike represents the biggest increase since April 2006, CoreLogic said. CoreLogic's Pending HPI, a metric measuring current trends in home prices, indicates that prices (including distressed sales) in February will likely match January's year-over-year improvement.

About 60 percent of loans written today would be unacceptable under the finalized rules for a QM and the anticipated rules for a QRM, according to CoreLogic.

Realtors in December expected prices to rise by about 3.5 percent over the next year, while consumer estimates were more modest at 2.5 percent for the same time period, Capital Economics noted in its monthly housing report. The estimates show a growing optimism among those groups. But, with the low supply of inventory, Capital Economics anticipates much bigger gains.

Irvine, California-based CoreLogic announced the availability of CoreLogic Bond Tracker, a new bond assessment service for non-agency residential mortgage-backed securities (RMBS).

The U.S. housing market gained ground in November, according to CoreLogic's most recent Home Price Index (HPI) report. The data provider says November saw the biggest annual gain in home prices since May 2006. Nationally, home prices during the month rose 7.4 percent year-over-year, while also displaying a 0.3 percent improvement month-over-month. Looking ahead to December, CoreLogic's preliminary data show prices continuing upward by an estimated 7.9 percent year-over-year to close out 2012 on a high note.