CoreLogic® Releases January MarketPulse Report —Report Highlights 2012 Housing Market Improvement; CoreLogic Projects 6 Percent Rise in Home Prices in 2013— PR Newswire IRVINE, Calif., Jan. 14, 2013 IRVINE, Calif., Jan. 14, 2013 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its January MarketPulse report. The report indicates the CoreLogic Home Price Index (HPI^®), which is based on repeat sales, increased 7.5 percent in 2012, the largest increase since 2006. In 2013, CoreLogic projects home prices to rise 6 percent due to greater affordability fueling steady demand, a lower level of real estate owned (REO) sales and a low inventory of unsold homes. (Logo: http://photos.prnewswire.com/prnh/20100609/CLLOGO) Additional key findings in the January MarketPulse report include: oHousing made an impressive recovery in 2012: oTotal homes sales increased 6 percent to 4.2 million, up from 3.9 million in 2011 – the first increase since 2005. oNon-distressed homes sales increased 11 percent to 3.2 million. oNew sales increased 3 percent to nearly 300,000. oHome price growth happened across many geographies. oREO sales declined more than 20 percent to 600,000, the third annual consecutive decline. oShort sales rose 23 percent to 370,000 units, the highest level since the real estate downturn began. oSerious delinquencies declined by nearly 300,000 loans in 2012, which drove the seriously delinquent rate down to 6.9 percent, from 7.4 percent in 2011. Since the January 2010 peak, serious delinquencies have declined by 1 million loans. oThe housing market enters 2013 poised for further recovery: oRising home prices will continue to slowly release pent-up supply as under-equitied borrowers are unlocked and opportunistic sellers begin to provide relief to tight inventories. oGeographic diversity in home price growth will continue. oCoreLogic expects continued market improvement in serious delinquencies. oDespite improvements and a positive outlook for the coming year, uncertainty remains on the impact of qualified mortgage and qualified residential mortgage requirements. For a full copy of the January CoreLogic MarketPulse report, including a complete set of data and charts, visit http://www.corelogic.com/downloadable-docs/MarketPulse_2013-January.pdf. About CoreLogic CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. The company's combined data from public, contributory, and proprietary sources includes over 3.3 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, transportation and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic 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 visit www.corelogic.com. CORELOGIC, the CoreLogic logo and HPI are trademarks of CoreLogic, Inc. and/or its subsidiaries. SOURCE CoreLogic Website: http://www.corelogic.com Contact: For real estate industry and trade media, Bill Campbell, +1-212-995-8057 (office), +1-917-328-6539 (mobile),firstname.lastname@example.org, or For general news media, Lauren Salay, +1-202-232-6627, email@example.com
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CoreLogic® Releases January MarketPulse Report
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