November 2010 Corelogic

Summary
► Prices rapidly decelerated in August, and
September preview data suggests the trend
will continue. The weak housing market
has spread to all price segments and the
majority of geographies (Figures 1 - 3).
► Performance continues to slowly improve
but early stage delinquencies have
worsened (Figures 4 and 5).
► Issues around predatory servicing and
legality of foreclosures have generated
much attention but little data. Mortgage
assignments have experienced a
strong uptick in recent months, which
refl ects lenders’ attempt to provide
proper paperwork used in foreclosure
proceedings (Figures 6 and 7).
► The total inventory of unsold homes stands
at nearly two years supply with shadow
inventories accounting for 8 months
supply, which will put downward pressure
on prices for an extended period of time
(Figures 8 – 12).