CoreLogic, a residential property information, analytics and services provider, released its November MarketPulse report where economists discuss significant trends in residential mortgage performance in 2013.
Key findings in the report include:
- The serious delinquency rate (90 or more days delinquent, in foreclosure or real-estate owned) peaked at 8.5 percent in January 2010 and has since declined to 5.4 percent as of July 2013.
- Residential investment grew by 15.3 percent and spending on furnishings and durable goods grew by 7.3 percent in the latest quarter, but the total dollar amount of these components was too small to move the growth in housing-related GDP.
- Home prices in September increased 0.2 percent, which is much slower than the 2-percent monthly growth rate experienced in the Spring.
MarketPulse content consists of a selection of recently published research, analytics and commentary.