SAN DIEGO--(BUSINESS WIRE)--For most measures of housing performance, November was another positive month, according to the monthly Property Intelligence Report (PIR) from DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning
“While there is evidence that a recovery in housing is underway nationally, the strength of the housing market varies across the country,” said Gordon Crawford, Ph.D., vice president of Analytics for DataQuick. “In comparison to prior reports, we see that home price growth and foreclosure performance improved, while sales performance worsened.”
DataQuick’s PIR measures housing performance through valuation, REO inventory and sales trends in one month as well as the previous 12 for 42 of the nation’s largest counties. Key findings for November include:
- Home price growth was positive in 41 of the 42 reported counties over the last month.
- Home price growth was positive in all 42 reported counties over the last quarter and year.
- Sales increased in 13 of the 42 reported counties over the last month.
- Sales increased in 7 of the 42 reported counties over the last quarter.
- Sales increased in 25 of the 42 reported counties over the last year.
- Foreclosures declined in 24 of the 42 reported counties over the last month.
- Foreclosures declined in 20 of the 42 reported counties over the last quarter.
- Foreclosures declined in 29 of the 42 reported counties over the last year.
Although the data tells an overall positive story, Crawford cautions mortgage lenders and investors to focus on factors that may lead to further home price decline or dampen home price growth, such as the possible effect of the fiscal cliff, decreases in federal – specifically defense – spending, tax increases, shadow inventory and negative equity.
“One area of continuing concern is Florida’s Gulf Coast housing market,” said Crawford. “While recent home price growth has been positive, the substantial increase in foreclosure rates threatens future home price growth as foreclosed properties hit the market.”
About DataQuick
San Diego-based DataQuick, a Decision Insight Information Group Company, delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick’s integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, Title insurance and property information, property research portals and marketing tools. For more information, visit the company’s website at www.dataquick.com, on LinkedIn or on Twitter at @DataQuick.
About Decision Insight Information Group
Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance. Decision Insight Information Group companies include MSB and DataQuick in the U.S., Access Point Information Canada, SearchFlow, xit2 and Decision Insight Hub in the UK, Millar & Bryce in Scotland, Rochford Brady Group in the Republic of Ireland, Wertweiser, a joint venture with HVB Bank, in Germany, and Decision First, a joint venture with First Title, in the UK. Decision Insight Information Group has 1,100 employees in 16 offices. For more information, visit www.decisioninsightgroup.com. Decision Insight Information Group is a TPG Capital portfolio company.