CoreLogic® Releases U.S. Housing and Mortgage Trends Report

Homeownership Rates Down Almost 10 Percent Among Prime Buying Groups

SANTA ANA, Calif., Oct. 19, 2011 — (PRNewswire) — CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its U.S. Housing and Mortgage Trends, a report that provides data on housing sales, valuation, negative equity, shadow inventory and foreclosure activity and trends.  The latest trends report from CoreLogic shows that homeownership rates for the 25 to 34 and 35 to 44 prime homebuyer age cohorts are down almost 10 percent in 2010 compared to 1980.  The report also shows:

  • Real median income for prime home-buying age segment in 2010 was at the same level as in the late 1970s.
  • Median income fell by 2.3 percent from 2009 to 2010, and real median income has declined more than 7 percent since its peak in 1999.
  • Consumers continue to allocate a higher share of household expenditures to housing, which means they have less money left to spend on non-housing consumption.
  • Of the foreclosure properties that were auctioned in 2006, 66 percent became REO properties. Once in REO, 85 percent have only sold once and have not gone back into REO.
  • The REO recidivism rate within five years of the initial REO sale is only 2 percent.
  • Investors have shifted from buying properties at foreclosure auction to buying properties at the REO sale, increasing the burden of losses on the banks holding REO properties.

(Logo: http://photos.prnewswire.com/prnh/20100609/CLLOGO)

The full CoreLogic U.S. Housing and Mortgage Trends report is available at http://www.corelogic.com/about-us/researchtrends/us-housing-and-mortgage-trends.aspx

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 the largest 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 more than 6,500 employees globally with 2010 revenues of $1.6 billion.  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.

SOURCE CoreLogic

Contact:
CoreLogic
real estate industry and trade media, Bill Campbell
Phone: +1-212-995-8057 (office)
Phone: +1-917-328-6539 (mobile)
Email Contact
general news media, Jordan Hassin
Phone: +1-202-232-6601
Email Contact both for CoreLogic
Web: http://www.corelogic.com




Review Article Be the first to review this article


Featured Video
Jobs
GIS Analyst II for Air Worldwide at Boston, MA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Geospatial World Forum 2017 Hyderabad at Hyderabad International Convention Center P.O Bag 1101, Cyberabad Post Office Hyderabad Telangana India - Jan 23 - 25, 2017
GMP Compliance for Quality Control Laboratories 2016 at Andheri Kurla Road, Sahar Village, Andheri-Kurla Road, Mumbai, Maharashtra 40005 Mumbai, Maharashtra India - Jan 23 - 24, 2017
Trimble
Teledyne Optech
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy