Tag Archives: CoreLogic

CoreLogic Reports 26th Straight Month of Foreclosure Declines

CoreLogic’s most recent National Foreclosure Report announced that foreclosures across the U.S. have fallen 14% between December 2012 and December 2013. This marks 26 consecutive months of falling foreclosure rates and 15 straight months of year-over-year declines. These statistics show that the housing market is improving, despite the disappointing pending home sales report from the […]

Price Gains in Homes Expected To Slow Down

Month-over-month rises in home prices slowed down to fractional numbers as year-over-year increases entered its 20th consecutive month, according to CoreLogic. The Home Price Index (HPI), which is comprised of distressed sales and equity, was up 0.2% from September to October and was 12.5% higher than the year prior. The HPI hit its peak this […]

CoreLogic: Fewer Homes Underwater in Q2 2013

CoreLogic recently reported that 2.5 million U.S. mortgages have surfaced from negative equity or underwater in the second quarter of 2013. That means 41.5 million U.S. homes currently exist with a positive-equity type of mortgage. Despite an increase in mortgages, 7.1 million homes are still considered underwater due to homeowners owing more money than the […]

CoreLogic, RealtyTrac Confirm Improving Home Equity

Last week, RealtyTrac announced its findings that some 600,000 homeowners had emerged from being “deeply underwater” (that is, with loan-to-value ratios in excess of 125%) since May. During that same time, CoreLogic also that homeowners are rapidly recapturing the equity they lost suddenly late in the last decade. Currently, more than 2.5 million more residential […]

Shadow Inventory and Foreclosure Rates Drop

The recent National Foreclosure Report from CoreLogic announced that the foreclosure inventory — that is, the number of homes in foreclosure — fell by 2.9%, dropping from 1.4 million homes in some stage of foreclosure during the month of April to 1.0 million homes in May. This inventory represented 2.6% of all mortgaged homes in […]

CoreLogic Predicts Home Prices Will Increase for the Month of June

May was a very steady month in regards to the increase in home prices but CoreLogic sees that trend continuing for June. Prices this spring have risen higher and faster than in any period since 2006. The firm said its Home Price Index (HPI) rose 12.2% in May, compared to May 2012, making it the […]

Aggregate Home Equity Increased during Q1 2013

According to the CoreLogic Home Equity Report, aggregate home equity during the first quarter of 2013 surpassed $4.2 billion, a 9% increase from the previous quarter. Home equity is used to accurately predict default rates. The changes in home equity have led to a major boost in consumer confidence and spending. Consumers are finding out […]

Housing Market Touts Recovery, Thanks to Distressed Home Sales

This year has seen a stronger housing market. Most of the recovery can be attributed to record-low interest rates but one of the reasons for this improvement is the number of distressed homes being bought. Homeowners, who saw rising home prices as more houses were coming off the market, turned to foreclosure and short sales […]

Feds Launch Broader Mortgage Aid Program

The Wall Street Journal reported today that the Obama administration is launching a mortgage aid program which is aimed at reducing mortgage balances for homeowners who are currently underwater but are not in default. The federal government has set aside $14 billion as a way to modify between 500,000 and 1.5 million underwater loans that […]