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Tag Archives: Trulia

Trulia Hires New Chief Economist

Hepp currently collaborates with the University of Southern California's Lusk Center and the REALTOR University Center for Real Estate Studies. She previously served as a senior economist with the California Association of Realtors and as an economist and manager of public policy and homeownership with the National Association of Realtors.

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Flipping Still Near Historic Averages in Some Areas

While percentages of homes being flipped nationwide are nowhere near their peak reached in 2005 and 2006, in some areas such as California they remain near their historic levels consistent with home price gains in those areas, according to a report released by Trulia on Thursday.

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Housing Barometer Indicates Market is Moving Closer to ‘Back to Normal’ Levels

While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia's Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales, excluding distressed sales; home price level; and delinquency plus foreclosure rate – are all more than three-quarters of the way "back to normal" as of the end of 2014, according to the barometer.

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Housing, Economy Stuck in Catch 22

Delinquency and foreclosure rates also were much improved. According to Trulia and Black Knight, the national delinquency and foreclosure rate was 74 percent back to normal in August—the same as one quarter ago and up from 56 percent one year ago. Trulia's chief economist, Jed Kolko, said that with the share of mortgage borrowers with negative or near-negative equity dropping, the default rate should continue to drop.

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