CoreLogic® Releases December MarketPulse Report
--Report Highlights the Economic Impact of Residential Investment in the
Post-Recession Housing Market--
IRVINE, Calif., Dec. 12, 2012
IRVINE, Calif., Dec. 12, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a
leading provider of information, analytics and business services, today
released its December MarketPulse report. The monthly publication provides
insight into the health of the U.S. economy with emphasis on housing and
mortgage metrics. CoreLogic Chief Economist Mark Fleming and Principal
Economist Sam Khater, along with colleagues from the CoreLogic Office of the
Chief Economist, authored the articles. This month's edition includes
commentary by CoreLogic President and CEO Anand Nallathambi on the housing
market recovery in the year ahead.
Key findings in the December MarketPulse report include:
oRental income produced from residential properties increased 12 percent
year-over-year in September 2012. The rapid growth in rental income is a
byproduct of fundamental shifts in the housing market, driven by a large
increase in affordability of investment properties and rising rents.
oHeading into 2013, the trend in overall rental income will likely reflect
tightness in the single-family rental market and a continued rise in
rental demand given weak wage income and job growth.
oThe real estate cycle is now producing residential investment that is
contributing to economic growth in line with post-recession history.
oLenders have returned to more sustainable loan products and remain
cautious in extending credit to only the most qualified borrowers.
oOverall market uncertainty can be reduced further by a reduction in
mortgage risk, investment-driven economic recovery and further clarity on
housing policies, leading to more sustainable profits and outcomes for
real estate and housing finance.
For a full copy of the December CoreLogic MarketPulse report, including a
complete set of data and charts, visit
CoreLogic (NYSE: CLGX) is a leading residential property information,
analytics and services provider in the United States and Australia. Our
combined data from public, contributory and proprietary sources spans over 700
million records across 40 years including detailed property records, consumer
credit, tenancy, hazard risk and location information.The markets CoreLogic
serves include real estate and mortgage finance, insurance, capital markets,
transportation and government.We deliver value to our clients through unique
data, analytics, workflow technology, advisory and managed services.Our
clients rely on us to help identify and manage growth opportunities, improve
performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic
operates in seven countries.For more information, please
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Inc. and/or its subsidiaries.
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