CoreLogic: Condo Market Making a Comeback, According to August Edition of MarketPulse Report

CoreLogic: Condo Market Making a Comeback, According to August Edition of MarketPulse Report

CoreLogic  (NYSE: CLGX), an Irvine, CA-based global property information, analytics and data-enabled services provider, on Thursday, Aug. 14, 2014 released its August MarketPulse report. In this report, CoreLogic economists Sam Khater and Molly Boesel, analyze current housing market conditions, including a surge in condo building construction in the fourth quarter of 2013. According to CoreLogic, in Q4 2013 the total number of new condo buildings reached 2,100, up 90 percent from the trough of 1,100 in Q2 2012.

Other key findings in the CoreLogic August MarketPulse report include:

  • The share of housing-related spending was 17.5 percent of the gross domestic product in the second quarter.
  • Pre-foreclosure filings decreased by 12.5 percent from 83,500 to 73,100 per month nationally in June 2014 from a year ago, down 68 percent from the peak of 229,000 per month in March 2009.
  • Thirteen states reached new highs in home prices in June 2014.

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

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

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

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