Knowing The Facts Matters

It’s important that you know the facts before making decisions. Having good data is very important. To this end, CoreLogic has accelerated the frequency and expanded the coverage of its CoreLogic Case-Shiller Indexe. Separately, the company unveiled a new report, Cash Investor Trends, that will track and report on cash and investor sales in all 50 states and in more than 34,000 ZIP codes. Both announcements were made today at the 26th annual CoreLogic RiskSummit in Dana Point, Calif.

“At CoreLogic, we are always looking for new ways to deliver actionable information that will give our clients a more complete view of the housing market,” said Olumide Soroye, managing director, Information Services for CoreLogic. “The enhancements announced today will make the CoreLogic Case-Shiller Indexes an even better platform for modeling home price change and risk. Similarly, our new Cash Investor Trends report will be the most comprehensive and timely report on cash sales and institutional investor activities available in the market.”

Beginning in July, CoreLogic Case-Shiller Index clients will receive the new index set monthly while a quarterly report will continue to be made available to the news media. The new index set will now leverage CoreLogic transaction data, broadening its geographical coverage with a net increase of more than 1,000 CoreLogic Case-Shiller Indexes nationwide, including an 89 percent increase in the number of single-family home indexes at the CBSA level and a 128 percent increase in the total number of condominium indexes. The new index will continue to employ the same Case-Shiller repeat sales index methodology, first developed by Karl Case and Robert Shiller.

Cash Investor Trends is a new monthly report that is designed to provide a more complete picture of the dynamics of the mortgage and real estate markets. It will track:

>> The percentage of cash sales: nationally and by state, CBSA, county and ZIP code.

>> The percentage of purchases by institutional investors (an institutional investor is defined as a buyer that purchases 10 or more properties per year within a CBSA).

>> Mean and median sales prices for cash and investor sales transactions.

>> The type of sale: REO sale, short sale, resale, new construction.

>> The type of property: Single-family Detached, Single-family Attached, and Condo/Co-op.

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.