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Jun-11-2012 15:26printcomments

CoreLogic® Releases June MarketPulse Report

—Report Highlights the Positive Force of Negative Equity and the Liberal Side of Collateral Credit Standards—

Negative equity
Courtesy: articles.latimes.com

(SANTA ANA, CA) - CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its June CoreLogic MarketPulse report. The monthly economic publication provides insight into the current and future health of the U.S. economic climate with particular focus on housing and mortgage metrics. CoreLogic Chief Economist Mark Fleming and Senior Economist Sam Khater authored the articles. In addition, this month's edition includes an opening letter to the industry by Anand Nallathambi, CoreLogic President and CEO, featuring his personal observations on the state of the housing economy.

Key findings in the June MarketPulse Report include:

  • The Home Price Index (HPI) including distressed sales posted two consecutive months of year-over-year increases in April 2012, the first such increase since the summer of 2010 when the housing market was benefitting from tax credits.
  • Single-family construction activity increased 2.3 percent in April, and is up 25 percent over the last six months.
  • Months' supply of unsold homes fell to just more than six months in April 2012 and is currently at the lowest level in more than five years.
  • As the flow of REOs has slowed over the last 18 months, negative equity has become a positive force in real estate markets by restricting supply in the face of increasing demand.
  • The housing market has transitioned from pricing dynamics driven by economic weakness and high shares of distressed sales to one of restricted supply, which will likely exist for some time to come—a reason for optimism in many hard hit markets.
  • Collateral credit standards are now more liberal than at any time in the past two decades when measured by the average combined loan to value ratio (CLTV) over time for purchase mortgage loans including first and junior liens.

For a complete copy of the June CoreLogic MarketPulse report, including a complete set of data and charts, visit http://www.corelogic.com/downloadable-docs/MarketPulse_2012-June.pdf.

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has approximately 5,000 employees globally. For more information, visit www.corelogic.com.

CORELOGIC and the stylized CoreLogic logo are registered trademarks owned by CoreLogic, Inc. and/or its subsidiaries. No trademark of CoreLogic shall be used without the express written consent of CoreLogic.





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Anonymous June 11, 2012 6:24 pm (Pacific time)

the real world from zerohedge.com: The financial elite are using this “cover-up and pray” policy—hoping that rekindled “animal spirits” will bring the economy back in time to save the status quo. This is impossible because the trust is gone. The same sociopaths control the economy. A Federal Reserve zero interest rate policy (ZIRP), causing malinvestment, and monetizing the national debt (which is what tin-pot dictators do just before they are forced to flee the country) with quantitative easing by the Fed, and austerity for the 99% to repay bad bank loans has not worked—and doing more of the same will not work—and defines insanity. Corelogic is no better than goldman sachs and jp morgan, they will lie until they get every last dime they can, and then they will flee. Enjoy corelogic, or do your own research and prepare for what is coming.


Anonymous June 11, 2012 6:04 pm (Pacific time)

I highly urge you to stay away from economics salem-news. This article is worthless, and dis-info. Corelogic major lol, they did not even know the housing crisis was coming, they put down gold (I bought at $700, its now $1600),I am surprised they are still in business, maybe they get government subsidies from the obama admin. Try "Gerald Celente"...his accuracy is much better. Corelogic is the dupes who hurt many. Bob Chapman is good also, but he passed away this week (an amazing patriot and economist)...to all: do not trust corelogic, nor goldman sachs, j.p. morgan etc. I know its nice to hear good news, but its a train wreck and people need to be informed and prepare, not coddled to make them feel better. Corelogic is friggin useless, and has hurt many.

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©2017 Salem-News.com. All opinions expressed in this article are those of the author and do not necessarily reflect those of Salem-News.com.


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