CoreLogic Releases March MarketPulse Report
—Report Examines the Role of Investors in the Purchase of REOs—
IRVINE, Calif., March 18, 2013
IRVINE, Calif., March 18, 2013 /PRNewswire/ -- CoreLogic^® (NYSE: CLGX), a
leading residential property information, analytics and services provider,
today released its March MarketPulse report. In this report, CoreLogic Chief
Economist Mark Fleming discusses the current state of the economy and the
costs that extended disposition timelines of distressed assets ultimately pass
on to the consumer. Deputy Chief Economist Sam Khater analyzes the economic
impact of a surge in investor activity on REO inventories across the country.
This month's edition also features commentary by CoreLogic President and CEO
Anand Nallathambi on the transitioning housing market in 2013.
Additional key findings in the March MarketPulse report include:
oThe time it takes for a distressed property to pass through the entire
disposition timeline has risen across all states in the last eight years
from an average of seven months to 24 months in non-judicial foreclosure
states and 35 months in judicial foreclosure states.
oThe decline in REO inventories driven by investor demand has been uneven
across markets. Midwestern and northeastern markets continue to struggle
with REO inventory levels, while some markets in the South and Southwest
have experienced massive declines.
oInstitutional investors accelerated REO purchases in select markets in
2012, most notably in Las Vegas, Atlanta and Phoenix, while individual
investor activity was responsible for declines in REO inventory in
For a full copy of the March 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 and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its
SOURCE CoreLogic, Inc.
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