by CoreLogic Research Posted Wed, 2012-07-25 09:49
The MarketPulse Report for July is available for free download. There are several significant findings in the report.
- Home prices are up in many markets as high negative equity shares keep many sellers off the market and demand for distressed properties remains high.
- The lower end of the home price tier is rebounding at more than three times the rate of the upper end driven by distressed sales.
- The Home Price Index (HPI), including distressed sales, posted the largest year-over-year spring price gain in the last 25 years.
- Estimates show that refinancing accounted for 70 percent of the total mortgage originations market over the past 12 months.
To find out more about these surprising findings, you can download the report here .