CoreLogic released its Home Price Index (HPI) for December 2013, noting an 11 percent bump since December 2012. Anand Nallathambi, president and CEO of CoreLogic, was optimistic about the future: "After six years of fits and starts, we can now see a clearer path to a durable recovery in single-family residential housing across most of the United States."
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Despite declining foreclosure starts over the year, distressed sales made up a higher percentage of overall home sales in 2013 than they did the previous year, according to the U.S. Residential & Foreclosure Sales Report released Thursday by RealtyTrac. Foreclosure sales—which include sales to third-party buyers at foreclosure auction and sales of REOs—combined with short sales to make up 16.2 percent of residential property sales in 2013, up from 14.5 percent in 2012. The report also revealed an uptick in cash purchases at the close of the year.
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[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/466/show_5466935.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Morningstar Credit Ratings, LLC finds that the overall distressed inventory has decreased by 21% from a year ago, while the number of liquidations declined a significant 37%. At the current pace of liquidation, it will ...
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