CoreLogic Releases January Edition of MarketPulse Report Examining U.S. Housing Trends

CoreLogic  Releases January Edition of MarketPulse Report Examining U.S. Housing Trends

CoreLogic® (NYSE: CLGX), an Irvine, CA-based residential property information, analytics and services provider, on Friday, Jan. 17, 2014 released its January MarketPulse report. In this report, CoreLogic economists review the residential mortgage financial performance that defined 2013 and discuss significant trends that could affect the industry in 2014.

Key findings in the CoreLogic January MarketPulse report include:

  • A CoreLogic analysis of credit availability shows that credit is tight for low credit-score borrowers, those who don't want to or can't fully document their loans, and those who would like an ARM product. High-LTV (loan-to-value) lending remains modestly loose relative to normal, high-DTI (debt-to-income) lending is modestly tight relative to normal, and the share of ARM loans originated is much more restricted than normal, as many subprime ARM loan products are no longer available.
  • Cash sales comprised 37.4 percent of total home sales in September 2013, down from the peak in January 2011 when cash sales made up 46.1 percent of total home sales.
  • The historical trend of auto sales correlating to home sales has seen a shift with auto sales recovering much more rapidly over the past three years due to the increase in auto-related subprime lending.

 

MarketPulse article content consists of a selection of recently published CoreLogic research, analytics and commentary. To view additional content please visit the Insights Blog: http://www.corelogic.com/blog.

For a full copy of the CoreLogic January MarketPulse report, including a complete set of data and charts, visit http://www.corelogic.com/research/the-market-pulse/marketpulse_2014-january.pdf.

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