Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

Anand Nallathambi

Nearly 850,000 Return to Positive Equity in Q1

Key to Homeownership Pic

CoreLogic released new analysis showing approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, and the total number of mortgaged residential properties with equity currently stands at 39 million. The analysis shows that 9.7 million, or 19.8 percent of all residential properties with a mortgage, were still in negative equity at the end of the first quarter of 2013 with a total value of $580 billion.Click to continue

Home Prices Rise 12.1 Percent Year-Over-Year in April

Home and Scale Pic

CoreLogic released its April CoreLogic HPI report. Home prices nationwide, including distressed sales, increased 12.1 percent on a year-over-year basis in April 2013 compared to April 2012. This change represents the biggest year-over-year increase since February 2006 and the 14th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 3.2 percent in April 2013 compared to March 2013.Click to continue

Shadow of Foreclosure Continues to Fade Nationwide

Shadow Home/Credit: Comstock

CoreLogic released its April National Foreclosure Report which provides data on completed U.S. foreclosures and the national foreclosure inventory. According to CoreLogic, there were 52,000 completed foreclosures in the U.S. in April 2013, down from 62,000 in April 2012, a year-over-year decrease of 16 percent. On a month-over-month basis, completed foreclosures remained flat at 52,000, the same number reported for March 2013.Click to continue

Completed Foreclosures Rise Six Percent in March

Foreclose_Sign_Pic

CoreLogic has released its March National Foreclosure Report which found that there were 55,000 completed foreclosures in the U.S. in March 2013, down from 66,000 in March 2012, a year-over-year decrease of 16 percent. On a month-over-month basis, completed foreclosures rose from 52,000 in February 2013 to the March level of 55,000, an increase of six percent. As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.Click to continue

Completed Monthly Foreclosures Hit 54,000 in February

Foreclosed_Home_Red_Pic

CoreLogic has released its National Foreclosure Report for February, that provides data on completed U.S. foreclosures and the overall foreclosure inventory. According to CoreLogic, there were 54,000 completed foreclosures in the U.S. in February 2013, down from 67,000 in February 2012, a year-over-year decrease of 19 percent. On a month-over-month basis, completed foreclosures fell from 58,000 in January 2013 to the February level of 54,000, a decrease of seven percent.Click to continue

Nearly One-Fifth of American Households Remain Underwater in Q4

Underwater_Mortgage_Pic

CoreLogic has released its analysis showing approximately 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012. This brings the total number of properties that moved from negative to positive equity in 2012 to 1.7 million and the number of mortgaged residential properties with equity to 38.1 million. The analysis also shows that 10.4 million, or 21.5 percent of all residential properties with a mortgage, were still in negative equity at the end of the fourth quarter of 2012.Click to continue

Home Prices Rise Nearly 10 Percent Year-Over-Year in January

Sales_Rise/Credit: Comstock Images

CoreLogic has released its January CoreLogic HPI report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January. This change represents the biggest increase since April 2006 and the 11th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.7 percent in January 2013 compared to December 2012. The HPI analysis shows that all but two states, Delaware and Illinois, are experiencing year-over-year price gains.Click to continue

Foreclosures Drop 17.8 Percent Year-Over-Year in January

Foreclosed_Home_Pic

CoreLogic has released its National Foreclosure Report, which provides data on completed U.S. foreclosures and the overall foreclosure inventory, and in January 2013, there were 61,000 completed foreclosures in the U.S., down from 75,000 in, a year-over-year decrease of 17.8 percent. On a month-over-month basis, completed foreclosures rose from 56,000 in December 2012 to the January level of 61,000, an increase of 10.5 percent. As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month between 2000 and 2006.Click to continue

CoreLogic Reports Home Prices on the Rise for 10th Consecutive Month

Home Shadow/Credit: Comstock

CoreLogic's December HPI report has found that home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.4 percent in December 2012 compared to November 2012. The HPI analysis shows that all but four states are experiencing year-over-year price gains.Click to continue