From left: Anand Nallathambi and Robert Shiller

Residential market data provider CoreLogic has acquired its competitor Case-Shiller, somewhat consolidating the residential intelligence market, the company announced in a release discussing its first quarter financial results.

The deal for Case-Shiller — which created the widely-cited Case-Shiller Index – closed March 20 for roughly $6 million. [more]

U.S. home prices jumped nearly 10 percent in January from the same moth the previous year and  New York City properties grew at even a slightly higher rate, according to a CoreLogic report released today. The 9.7 percent nationwide figure, which included distressed sales, marked the 11th consecutive monthly increase and the biggest  since April 2006…. [more]

Foreclosure rates increased in the NY-White Plains-Wayne area

Foreclosure rates in New York-White Plains-Wayne increased for the month of December over the same period last year, according to Corelogic’s National Foreclosure Report.

The New York-White Plains-Wayne area foreclosure rate among outstanding mortgage loans was 5.64 percent in December 2012, a year-over-year increase of 0.21 percent. Foreclosure activity in the region was higher than the national foreclosure rate of 2.96 percent for the same period.  [more]

Source: CoreLogic. Click to enlarge

New York City renters were less at risk of default nationwide in the fourth quarter of 2012 than in the same quarter of 2011, according to CoreLogic’s Renter Applicant Risk Index, released today. [more]

Are we in the midst of a new nationwide housing bubble? Home prices are up, as revealed earlier today by data from CoreLogic, and CNBC reported this could be cause for concern. Though the numbers remain down from the 2006 peak, prices rose 8 percent year-over-year, but in other markets, they’re soaring. For example, Phoenix has seen a 26 percent year-over-year home price increase; Las Vegas prices are up 15 percent year-over-year. [more]

Home prices are up

Home prices across the nation, as well as those in the greater New York City area, rose in December, according to the latest tallies from CoreLogic. The New York/White Plains (N.Y.)/-Wayne (N.J.) region saw prices, including distressed sales, rise by 8.5 percent year-over-year in December. In the area, prices gained 1.7 percent month-over-month. U.S. prices — on a ten-month climb — rose 8.3 percent year-over-year in November. This includes distressed sales, and represents the biggest increase since May 2006. … [more]

Home prices across the nation, as well as those in the greater New York City area, rose in November, according to the latest tallies from CoreLogic. U.S. prices — on a nine-month climb — rose 7.4 percent year-over-year in November. This includes distressed sales, and represents the biggest increase since May 2006. Excluding distressed sales, U.S. home prices increased 6.7 percent year-over-year in November. [more]

The national foreclosure inventory showed a year-over-year decrease of 18 percent, according to Corelogic’s National Foreclosure Report. In New York state, however, the year-over-year foreclosure inventory increased by 0.5 percent. New York was also one of the five states — joining Florida, New Jersey, Nevada and Illinois — with the highest number of foreclosures as a percentage of homes with a mortgage, with 5.1 percent of mortgaged homes here in foreclosure. Nationally, though, the decrease in foreclosure activity indicates a path to recovery. … [more]

Foreclosures nationwide in October dropped 25 percent compared to the previous month and 17 percent year-over-year, a CoreLogic report released today shows.

Completed foreclosures in the month of October totaled 58,000, down from 70,000 in October 2011 and from 77,000 in September 2012, the report shows. The decline was partly due to alternative disposition methods, meaning forebearances, loan modifications and refinancing, said Mark Fleming, chief economist for CoreLogic, in the report. [more]

Home prices nationwide, as well as those in the New York City area, rose in September, according to a CoreLogic report released today. U.S. prices, including distressed sales, increased 5 percent year-over-year in September; that marks the biggest increase since 2006 — surpassing last month’s milestone.

September’s numbers also mark the seventh consecutive year-over-year increase in U.S. home prices. And excluding distressed sales, nationwide home prices also climbed 5 percent year-over-year. [more]