Tag Archives: CoreLogic

Home prices are showing no signs of slowing down, which continues to prove the housing market's health. However, the rise in prices are causing some markets to become overvalued.

All-cash transactions comprised nearly 31 percent of all single-family residential home sales nationwide in July 2015, marking a decline of more than three full percentage points year-over-year, according to CoreLogic cash sales data released on Friday.

As interest rates continue to lower and home values rise, mortgage fraud application risk has fallen 8.9 percent from the second quarter of 2014 to the second quarter of 2015, according to CoreLogic's October 2015 Mortgage Fraud Report. The Mortgage Application Fraud Risk Index showed that approximately 12,814 of mortgage applications, or 0.67 percent, contained fraud in the second quarter of 2015.

Employment gains, wage growth, and continued low mortgage rates are pushing home prices up both year-over-year and month-over-month.

The number of overvalued housing markets in the second quarter of 2015 doubled from the first quarter to reach 14, according to CoreLogic’s Market Condition Indicators.

Mortgage originations are expected to decrease by 30 percent in 2014, due to a decline in refinance activity, according to estimates from CoreLogic.

A recent Corelogic report found that foreign buyers are pulling back from the U.S. housing market, but this trend doesn't seem to be influencing Texas markets, where international homebuying activity is gaining momentum.

Low mortgage rates and stronger consumer confidence are driving home sales and home prices upward, according to CoreLogic's July 2015 Home Price Index Report.

According to CoreLogic's August 2015 Market Pulse report, the share of total residential home sales in May 2015 that was made up of all cash sales was 31.9 percent, down from 35.1 percent in May 2014.

Home prices are edging up once again thanks to pent up buyer demand, affordability, consumer confidence, and an improving labor market.