Market Studies

First American CoreLogic, a member of The First American Corporation family of companies, today released the latest issue of its Core Mortgage Risk Monitor (CMRM). The CMRM forecasts delinquency risk for the real estate and mortgage industry, providing a barometer on the areas that are the most and least risky in terms of homeowners facing foreclosures due to mortgage default.

Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors (NAR). The latest market report released yesterday by NAR shows existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 3.

The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey released today.

Single-family home sales in Massachusetts jumped nearly 14 percent in October from a year ago, the second consecutive month that sales increased, according to a report released today by The Warren Group, a real estate research firm based in Boston.

Sales of existing single-family homes in Florida rose 5 percent in the third quarter of 2008 compared to the same period last year, according to the latest housing statistics from the Florida Association of Realtors (FAR).

The number of foreclosure deeds recorded in Massachusetts spiked in October, but lenders filed fewer petitions to foreclose – the first step in the process, according to Boston-based The Warren Group, publisher of Banker & Tradesman.

An estimated 42,293 houses and condos – including both existing and new – were sold in California last month, according to the latest report from research firm MDA DataQuick. That figure is up 4.

Job losses and economic uncertainty continue to impact the housing market in Illinois. According to the latest Illinois Association of Realtors (IAR) housing report, total home sales (which include single-family homes and condominiums) were 31,451 in the third quarter, down 21.

iEmergent, a Des Moines, Iowa-based market research, forecasting, and advisory services firm for the financial services, mortgage, and real estate industries, today issued its Mortgage Volume Forecasts for 2009 – 2013.

Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, according to the National Association of Realtors’ (NAR) quarterly survey released today. In addition, NAR said, existing-home sales fell from the second quarter in 32 states.