corelogic - Articles

Home Prices Rise in February Despite Weaker Sales

Tony Dejak/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic (CLGX) said Tuesday that prices for existing homes rose 12.2... Continue Reading »

Home Prices Rise at Solid Pace in January

Gene J. Puskar/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather. Real estate data provider CoreLogic (CLGX) says prices rose 0.9 percent in January after slipping 0.1... Continue Reading »

Home Prices Cool in December as Sales Slip

Daniel Acker/Bloomberg via Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices slipped from November to December, and the year-over-year increase slowed, likely a result of weaker sales at the end of last year. Real estate data provider CoreLogic said Tuesday that prices slipped 0.1 percent in December.... Continue Reading »

Fewest Foreclosures in California Since 2005

AP SAN DIEGO -- California home foreclosure activity plummeted to an eight-year low in the fourth quarter as price gains left fewer owners owing more money than their properties were worth, a real estate research firm said Tuesday. There were 18,120 default notices filed on houses and condominiums from October through... Continue Reading »

U.S. Home Prices Tick Up 0.1% in November

David Ryder/Bloomberg via Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices barely rose in November from the previous month and year-over-year gains slowed, reflecting declines in sales in the fall. Real estate data provider CoreLogic said Tuesday that prices increased just 0.1 percent in November... Continue Reading »

U.S. Home Prices Rise Just 0.2% in October

Chuck Burton/AP By CHRISTOPHER S. RUGABER WASHINGTON -- A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year. Real estate data provider CoreLogic said Tuesday that prices increased 0.2 percent in October from September. That's up from a... Continue Reading »

Home Prices Rise at Slower Pace in September

Justin Sullivan/Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- A measure of U.S. home prices rose only slightly in September from August, a sign that prices are leveling off after big gains earlier this year. Real estate provider CoreLogic said Tuesday that home prices increased 0.2 percent in September from the... Continue Reading »

Fewer U.S. Homes Headed Into Foreclosure in August

Justin Sullivan/Getty Images By ALEX VEIGA LOS ANGELES -- Lenders initiated foreclosure action in August against the fewest U.S. homes for any month in nearly eight years, a trend that should help reduce the number of homes lost to foreclosure in the months ahead. Some 55,775 homes entered the foreclosure process last... Continue Reading »

Housing Prices Lift 2.5 Million Homes Out of Negative Equity

Shutterstock Rising home prices drove down the number of U.S. homeowners struggling with underwater mortgages in the second quarter, leaving 14.5 percent of residential properties with a mortgage in negative equity, a report from CoreLogic showed on Tuesday. The rate was down from 19.7 percent in the first quarter, 22.3... Continue Reading »

Foreclosures Fall 25% in July from a Year Ago

AP NEW YORK -- There were fewer U.S. foreclosures in July than a year ago, while properties in the foreclosure pipeline also fell as the housing market continued to improve, according to data from CoreLogic. There were 49,000 completed foreclosures last month, down from a 65,000 in July of last year, CoreLogic (CLGX) said... Continue Reading »

Improving Market Pushes Home Prices Higher in June

Nam Y. Huh/AP By Leah Schnurr NEW YORK -- U.S. home prices jumped in June and are forecast to ramp up further in the latest signs of a housing market that is on the mend, data from CoreLogic showed Tuesday. CoreLogic's home price index rose 1.9 percent from May and accelerated by 11.9 percent from June last... Continue Reading »

May Foreclosures Drop Sharply Compared to a Year Ago

By Leah Schnurr Fewer U.S. foreclosures were completed in May compared with a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal, data analysis firm CoreLogic said on Tuesday. There were 52,000 foreclosures completed, well below the 71,000 in May last year, the... Continue Reading »

U.S. Home Prices See Biggest Jump in 7 Years

Wilfredo Lee/AP By Christopher S. Rugaber WASHINGTON -- U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening. Real estate data provider CoreLogic said Tuesday that home prices rose from a year ago in 48 states. They fell only in... Continue Reading »

U.S. Home Prices In April Jumped Most in 7 Years

By Christopher S. Rugaber WASHINGTON -- U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes. Real estate data provider CoreLogic says prices rose in April from the previous April in 48 states. Prices also rose 3.2 percent in April... Continue Reading »

Number of Foreclosed Homes Holds Steady, CoreLogic Says

The number of foreclosed homes held steady in April, while there were fewer properties sitting in the pipeline, fresh signs the housing recovery is on track, data from CoreLogic showed on Wednesday. There were 52,000 foreclosures completed last month, the same amount as in March, but down about 16 percent from 62,000 in... Continue Reading »

March Home Prices Show Biggest Gain in 7 Years, CoreLogic Says

By Christopher S. Rugaber WASHINGTON -- A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006. CoreLogic, a real estate data provider, said Tuesday that annual home prices have now increased for 13 straight months. Prices are rising in part because more... Continue Reading »

CoreLogic: Home Prices in January Post Best Gain in 7 Years

By Christopher S. Rugaber U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by CoreLogic. That's up from an 8.3 percent increase in December and the biggest... Continue Reading »

10 States With the Highest Foreclosure Rates in America

The worst of the housing downturn appears to be behind us, and while real estate markets around the country are improving, some states are still experiencing a struggle with taming foreclosures. According to RealtyTrac, the number of foreclosed properties stood at 1.8 million last year, down 2.7% from 2011 and 36% from... Continue Reading »

'Shadow Inventory' Threat Continues to Recede, CoreLogic Says

The number of homes in the "shadow inventory," once considered a serious threat to a real estate recovery, continues to drop as the housing market absorbs foreclosures, analytics firm CoreLogic said in a report it released today. The shadow inventory refers to the pent-up supply of homes that are either in foreclosure or... Continue Reading »

September's Home Price Rise Shows Biggest Gain in 6 Years, CoreLogic Reports

By Christopher S. Rugaber WASHINGTON -- A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. The real estate data provider also said Tuesday that... Continue Reading »

Hurricane Sandy's Storm-Surge Flooding Could Damage 300,000 Properties, CoreLogic Says

By AOL Real Estate and The Associated Press Flooding from Hurricane Sandy's storm surge may cause $90 billion in damage to nearly 300,000 properties in the superstorm's path, says the analytics firm CoreLogic. Eight of the most populous metros in the Northeast are projected to bear the brunt of flooding from Hurricane... Continue Reading »

U.S. Home Sales Dip 1.7% on Tight Inventory

WASHINGTON -- U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale. The National Association of Realtors said Friday that sales of existing homes in the U.S. dipped 1.7 percent to a seasonally adjusted annual rate of... Continue Reading »

New Credit Score Will Tell Lenders More About You

Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score. Real estate and mortgage data aggregator CoreLogic says it's signed an... Continue Reading »

Foreclosure Rates Plummet as Red Tape Mounts

LOS ANGELES -- Most of the nation's largest metropolitan areas are seeing a sharp drop in foreclosure activity as banks take longer to move against homeowners who are behind on their mortgage payments. In the first half of this year, 84 percent of metropolitan areas with a population of at least 200,000 saw their... Continue Reading »

Mortgage Fraud Jumps 17 Percent

After a two year lull in response to the subprime mortgage crisis, lending fraud is back with a vengeance. A new report by research firm CoreLogic shows that mortgage fraud rose 17 percent last year. In comparison, fraud dropped a total of 57 percent in the two years following its peak in 2006. While the increase may seem... Continue Reading »

Short Sales Fraud Costs Lenders $310 Million

Lenders lost about $310 million in the last two years unnecessarily because of short sale fraud in one out of 53 short sale transactions, according to CoreLogic. That's not a big surprise when you consider that short sales are up 700 percent compared to just two years ago. Over half of all short sales (55.8 percent)... Continue Reading »

Home Prices Rise for 4th Month in a Row, but Can It Last?

Not many Americans are feeling it yet, but we may be in the midst of a housing recovery. National home prices increased in May by 2.9 percent, as compared to May 2009, according to real estate information firm CoreLogic, making it the fourth straight month they have done so. But don't celebrate just yet; many experts... Continue Reading »

New Home Sales Boom, Foreclosures Loom

The headlines are full of the great news about new home sales. And some of them are warranted. New sales of single-family houses soared 14.8 percent to a seasonally adjusted annual rate of 504,000 units. The April gain followed a 29.8 percent surge in March, the biggest monthly increase in 47 years, according to the... Continue Reading »

Negative-Equity Homes Fall: Another Sign We've Hit Bottom

The number of homes with negative equity -- when a homeowner owes more on it than its worth -- took a tiny tumble this month, according to CoreLogic. Homes in negative territory still make up 24 percent of all residential properties with a mortgage, but the number fell by 100,000: From 11.3 million to 11.2 million.... Continue Reading »

One-Third of Home Sales Distressed

Hold on to your hats: Distressed home sales made up nearly a third of all home sales in the U.S. in January. Such sales, including short sales and real estate-owned (REO) transactions, accounted for 29 percent of sales -- reaching highs not seen since January 2009, when home prices were at their weakest, according to a... Continue Reading »

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