CoreLogic Releases March MarketPulse Report - wave3.com-Louisville News, Weather & Sports

CoreLogic Releases March MarketPulse Report

Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.

SOURCE CoreLogic, Inc.

—Report Examines the Role of Investors in the Purchase of REOs—

IRVINE, Calif., March 18, 2013 /PRNewswire/ -- CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its March MarketPulse report. In this report, CoreLogic Chief Economist Mark Fleming discusses the current state of the economy and the costs that extended disposition timelines of distressed assets ultimately pass on to the consumer. Deputy Chief Economist Sam Khater analyzes the economic impact of a surge in investor activity on REO inventories across the country. This month's edition also features commentary by CoreLogic President and CEO Anand Nallathambi on the transitioning housing market in 2013.

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

Additional key findings in the March MarketPulse report include:

  • The time it takes for a distressed property to pass through the entire disposition timeline has risen across all states in the last eight years from an average of seven months to 24 months in non-judicial foreclosure states and 35 months in judicial foreclosure states.
  • The decline in REO inventories driven by investor demand has been uneven across markets. Midwestern and northeastern markets continue to struggle with REO inventory levels, while some markets in the South and Southwest have experienced massive declines.
  • Institutional investors accelerated REO purchases in select markets in 2012, most notably in Las Vegas, Atlanta and Phoenix, while individual investor activity was responsible for declines in REO inventory in California markets.

For a full copy of the March CoreLogic MarketPulse report, including a complete set of data and charts, visit http://www.corelogic.com/downloadable-docs/MarketPulse_2013-March.pdf.

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. The Company's combined data from public, contributory, and proprietary sources includes over 3.3 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, transportation and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in seven countries. For more information, please visit www.corelogic.com.

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

©2012 PR Newswire. All Rights Reserved.

  • Most Popular StoriesMost Popular Stories

  • Friday, May 24 2013 12:31 AM EDT2013-05-24 04:31:35 GMT
    LOUISVILLE, KY (WAVE) - Louisville Metro Police Chief Steve Conrad has asked his men and women to wear mourning bands for a former officer shot in the line of duty. It was more than four decades ago when
    Louisville Metro Police Chief Steve Conrad has asked his men and women to wear mourning bands for a former officer shot in the line of duty.  It was more than four decades ago when Detective Bobby Branham was critically wounded.  His widow, Mary Carroll Burnett tells us, her husband had a lot of scar tissue from multiple surgeries after the 1972 shooting and those complications led to his death May 14.

  • Thursday, May 23 2013 10:56 PM EDT2013-05-24 02:56:56 GMT
    MOUNT VERNON, Wash. (AP) - The Washington State Patrol says the Interstate 5 bridge over the Skagit River at Mount Vernon has collapsed, dumping vehicles and people into the water.      Trooper Mark Francis
    The Washington State Patrol says the Interstate 5 bridge over the Skagit River at Mount Vernon has collapsed, dumping vehicles and people into the water.

  • Friday, May 24 2013 12:28 AM EDT2013-05-24 04:28:07 GMT
    The Kentucky State Fair Board is waiting to hear from the state's Department of Housing, Buildings and Construction on how safe or unsafe Cardinal Stadium may be.
    The Kentucky State Fair Board is waiting to hear from the state's Department of Housing, Buildings and Construction on how safe or unsafe Cardinal Stadium may be.
    •