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Tag Archives: CoreLogic

Fewer Foreclosures in July as Servicers Seek Alternatives: CoreLogic

The number of completed foreclosures saw declines both monthly and yearly, according to CoreLogic's most recent foreclosure report. In July, 58,000 homes were lost to the foreclosure process compared to 69,000 in July 2011 and 62,000 the month before in June. Five states accounted for nearly half (48.1 percent) of all completed foreclosures over a one year period ending in July 2012. Those states were California (118,000), Florida (92,000), Michigan (61,000), Texas (57,000), and Georgia (54,000).

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CoreLogic Reports Prices Up, but Pace Might Slow in 2nd Half of 2012

When including distressed sales, CoreLogic reported a 2.5 percent yearly increase in home prices in June, and a 1.3 percent increase month-over-month from May. The rise in home prices is the fourth consecutive increase on a yearly and monthly basis, and CoreLogic's Pending HPI is forecasting at least a 0.4 percent monthly increase in July. In response to CoreLogic's report, Capital Economics said that while the gain in June is strong, ""the latest rise was marginally weaker than we would expect in a typical June, meaning that seasonally-adjusted house prices actually eased a touch.""

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June Sees 60,000 Completed Foreclosures: CoreLogic

In June, 60,000 homes turned into completed foreclosures compared to 80,000 foreclosures a year ago, CoreLogic reported Tuesday. The analytics company stated the yearly drop puts completed foreclosures at 2007 levels. Month-over-month, there was no reported change in completed foreclosures for June. The number of homes in national foreclosure inventory in June stood at 1.4 million, or 3.4 percent of all homes with a mortgage.

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CoreLogic: 23.7% of Mortgages are Underwater, Down from 25.2%

While negative equity still continues to hinder the housing market's recovery, CoreLogic reported Thursday that the share of underwater mortgages declined. In the first quarter of 2012, the total number of underwater homes was 11.4 million, accounting for 23.7 percent of all residential properties with a mortgage. In the fourth quarter of 2011, 12.1 million properties, or 25.2 percent, were underwater. In addition, more than 700,000 households saw their equity move into the positive territory in the first quarter of this year.

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Wells Fargo Group Reports Housing Gains, Cautions Against Optimism

In a report released Thursday, Wells Fargo's Economics Group cautioned that although the housing recovery is picking up steam, the good news needs to be placed in the larger context of a weakened market. The Housing Data Wrap-Up for June 2012 shows that even with the overall economy slowing, the recovery in the housing market seems to be picking up momentum. A mild winter boosted construction in the Northeast and Midwest during what is traditionally a slow season, giving builders more inventory to sell in the spring.

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Prices Up Again in May, Trend Will Continue into June: CoreLogic

For the third month in a row, home prices posted both yearly and monthly gains, according to CoreLogic's May Home Price Index (HPI) report. When including distressed sales, home prices increased 2 percent in May from a year ago and rose 1.8 percent month-over-month. When excluding distressed sales, prices made even greater strides, with the year-over-year increase at 2.7 percent and month-over-month increase at 2.3 percent. Distressed sales include short sales and REO transactions. When excluding distressed sales, prices made even greater strides and are expected to continue increasing into June.

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