CoreLogic® Releases January MarketPulse Report
—Report Highlights 2012 Housing Market Improvement; CoreLogic Projects 6
Percent Rise in Home Prices in 2013—
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
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
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
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
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
CORELOGIC, the CoreLogic logo and HPI are trademarks of CoreLogic, Inc. and/or
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