CoreLogic: May Edition of MarketPulse Report Reveals That Low Housing Inventory Discourages Potential Buyers

Special to HuntingtonNews.Net

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, on Thursday, May 22, 2014 released its May MarketPulse report. In this report, CoreLogic economists, led by Chief Economist Dr. Mark Fleming, analyze the current housing market conditions, including why home sales are not increasing, in part, because of limited inventory of desirable homes and buyers not finding what they want to purchase.

Key findings in the CoreLogic May MarketPulse report include:

  • Cash is all the rage in the purchase of condominiums. As of January 2014, Florida and Nevada had the highest U.S. cash sales share for condos, with shares of 81.2 percent and 80.5 percent respectively.
  • The U.S. Census Bureau, the National Association of Realtors and the Mortgage Bankers Association all indicated that March home sales slowed further, emphasizing the lack of available inventory could be to blame.

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 May MarketPulse report, including a complete set of data and charts, visit http://www.corelogic.com/research/the-market-pulse/marketpulse_2014-may.pdf.

  For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

 

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