The Real Deal New York

Posts Tagged ‘corelogic’

  • Whether you’re a home buyer, seller or looking to refinance, you probably know the crucial importance of appraisals: They can limit the amount of mortgage money you’re allowed to borrow, delay your closing or even totally mess up what you thought was a done deal. [more]

  • corelogic-november

    CoreLogic house prices (Credit: Capital Economics via Business Insider)

    Home prices, including distressed sale, climbed 11.8% year-over-year in November 2013, marking the 21st straight month of year-over-year increases, according to CoreLogic’s latest home price report. [more]

  • A foreclosed home

    A foreclosed home

    The long foreclosure delays in the tristate area have led the Federal Housing Finance Agency to keep in place an adverse-market fee that was instituted nationwide in 2008 but removed in other states last month.

    The fee is applicable to all mortgages bought by Fannie Mae and Freddie Mac, and is equal to 0.25 percent of the mortgage loan amount. The decision not to remove the fee in the tristate area – and in Florida – is a recognition by the housing agency that long foreclosure timelines have an impact on costs, according to CoreLogic’s chief economist Mark Fleming. [more]

  • A backlog of foreclosure cases on Long Island has a number of overstretched borrowers living in fear of break-ins and looting — unpleasant but common occurrences as abandoned, foreclosed homes in towns like Brookhaven, Islip and Hempstead grow in number. [more]

  • Fixed mortgage rates hit two-month high

    December 04, 2013 11:49AM

    Average rates for 30-year fixed mortgages were the highest Monday that they have been since mid-September. The average rate, 4.5 percent, was also a boost from last year at this time, when the average was 3.36 percent, according to data from Mortgage News Daily. [more]

  • house-prices-up

    US home prices are rising

    U.S. home prices, including distressed sales, were up 0.2 percent on the month in October, and up 12.5 percent on the year, according to CoreLogic’s latest report.

    This was the twentieth consecutive monthly year-over- year increase in national home prices. The pace of home price growth tends to slow towards the end of the year. And adjusting for this seasonality Paul Diggle at Capital Economics points out the CoreLogic home prices were actually up 1.2 percent on the month. [more]

  • down-arrow

    The year 2013 is on track to be the best-performing year in a decade when it comes to mortgage delinquency rates, according to analytics provider CoreLogic’s November report.

    In the first six months of 2013, the serious delinquency rate of loans dropped to 0.06 percent from 0.1 percent for loans originated in 2012. The serious delinquency rate, which denotes mortgages that are 90 or more days delinquent, was 5.4 percent of mortgages as of July 2013, down from January 2010’s peak of 8.5 percent. [more]

  • Capping off a 19-month uphill climb, U.S. home prices rose 12 percent in September compared to the same month a year ago, CoreLogic data show. The figure is the highest of any month since May 2008. [more]

  • While mortgage fraud is on the decline overall, persistent cheaters are now turning to an especially dangerous scam: inflating their incomes and assets. [more]

  • Source: CoreLogic

    Source: CoreLogic

    The number of homes in the New York area that were underwater fell to 97,262 in the second quarter of 2013, a 24 percent drop from 128,236 in the previous quarter. In the New York-White Plains-Wayne region, 8.5 percent of all residential properties with a mortgage were underwater in the second quarter.

    That drop mirrors the national trend: Across the U.S., the number of underwater homes fell to 7.1 million, a 26 percent drop from 9.6 million in the previous quarter. [more]

  • Foreclosure rates in the New York-White Plains-Wayne area fell in June over the same period last year, according to a CoreLogic report released today. [more]

  • corelogic-home-price

    Home price index, by percentage change year-over-year

    Home prices (including distressed sales) climbed 11.9% year-over-year in June, according to CoreLogic’s latest home price report. This is the 16th straight monthly rise in home prices. Prices were up 1.9% month-over-month. [more]

  • foreclosureForeclosure rates in the New York-White Plains-Wayne area decreased in April over the same period last year, according to a CoreLogic report issued today.

    The rate among outstanding mortgage loans slipped to 5.15 percent — a year-over-year decrease of 0.51 percentage points. In March, the rate was 5.6 percent. [more]

  • Click to enlarge

    Click to enlarge

    Rising home prices have helped right nearly two million upside-down mortgages across the U.S. this year. In New York-White Plains-Wayne, negative equity declined slightly from 12 percent of all residential properties with a mortgage to 11 percent, or 126,083 properties, according to an analysis by Irvine, Calif.-based CoreLogic. [more]

  • case-shiller

    S&P/Case-Shiller home price indices (Credit: S&P Case-Shiller via S&P Dow Jones indices and CoreLogic)

    The 20-city S&P Case-Shiller house price index for March climbed 10.87% on the year. This beat expectations for a 10.2% rise. [more]

  • 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]

  • NY foreclosures up in December: CoreLogic

    February 27, 2013 10:00AM

    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]

  • A new bubble in the U.S. housing market?

    February 05, 2013 01:30PM

    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]