Corelogic: The Uneven Housing Recovery

September 13th, 2012
in econ_news, syndication

".... the majority of the most improved markets are in western markets, which peaked and bottomed earlier than many eastern and southern markets."

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Follow up:

 

.... a RESi score of 100 indicates a market where all three components [ Economic Health Index, Real Estate Health Index, and Mortgage Finance Risk Index] are strongest for all geographies back to 2000. On the flip side, a score of 0 would indicate a market that has the weakest readings for all components over the history of the index. In practice, the score generally ranges between the low 20's and high 70's, with an average of approximately 50.

Most Improved Markets

The 10 most improved markets (based on year-over-year change in RESi from June 2011 to June 2012) represent an interesting mix. The most improved markets are primarily concentrated in the west and include markets with very low RESi scores (Las Vegas or Stockton) and markets with high RESi scores (Boise or San Jose) (Figure 1). The presence of a mix of markets indicates strength from a relative and historical perspective. Further, there are a diverse set of economic factors driving the growth, suggesting broad economic improvement.

 

Read the entire source report from CoreLogic

 

 

 









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