Deputy Chief Economist

C��Ɵ���� �� ���� �

80 %

90 %

10 0 %

110 %

120 %

130 %

140 %

Jan

-00

Jul-

00

Jan

-01

Jul-

01

Jan

-02

Jul-

02

Jan

-03

Jul-

03

Jan

-04

Jul-

04

Jan

-05

Jul-

05

Jan

-06

Jul-

06

Jan

-07

Jul-

07

Jan

-08

Jul-

08

Jan

-09

Jul-

09

Jan

-10

Jul-

10

Jan

-11

Jul-

11

Jan

-12

Jul-

12

Jan

-13

Jul-

13

Jan

-14

90 .0 %

110 .0 %

130 .0 %

150 .0 %

170 .0 %

190 .0 %

Jan

-00

Jul-

00

Jan

-01

Jul-

01

Jan

-02

Jul-

02

Jan

-03

Jul-

03

Jan

-04

Jul-

04

Jan

-05

Jul-

05

Jan

-06

Jul-

06

Jan

-07

Jul-

07

Jan

-08

Jul-

08

Jan

-09

Jul-

09

Jan

-10

Jul-

10

Jan

-11

Jul-

11

Jan

-12

Jul-

12

Jan

-13

Jul-

13

Jan

-14

C��Ɵ���� �� ���� �

Senior Economist

-8%

-6%

-4%

-2%

0 %

2%

4%

6%

8%

0 %

5%

10 %

15%

20 %

25%

20

00

-Q1

20

00

-Q3

20

01-

Q1

20

01-

Q3

20

02

-Q1

20

02

-Q3

20

03

-Q1

20

03

-Q3

20

04

-Q1

20

04

-Q3

20

05

-Q1

20

05

-Q3

20

06

-Q1

20

06

-Q3

20

07-

Q1

20

07-

Q3

20

08

-Q1

20

08

-Q3

20

09

-Q1

20

09

-Q3

20

10-Q

1

20

10-Q

3

20

11-Q

1

20

11-Q

3

20

12-Q

1

20

12-Q

3

20

13-Q

1

20

13-Q

3

20

14-Q

1

Housing Services Share of GDP Resident ial Investment Share of GDPFurnishings and Durab le Goods Share of GDP GDP Grow th - right axis

-30 %

-25%

-20 %

-15%

-10 %

-5%

0 %

20

00

-Q1

20

00

-Q3

20

01-

Q1

20

01-

Q3

20

02

-Q1

20

02

-Q3

20

03

-Q1

20

03

-Q3

20

04

-Q1

20

04

-Q3

20

05

-Q1

20

05

-Q3

20

06

-Q1

20

06

-Q3

20

07

-Q1

20

07

-Q3

20

08

-Q1

20

08

-Q3

20

09

-Q1

20

09

-Q3

20

10-Q

1

20

10-Q

3

20

11-Q

1

20

11-Q

3

20

12-Q

1

20

12-Q

3

20

13-Q

1

20

13-Q

3

20

14-Q

1

Housing Services Grow th Resident ial Investment Growth Furnishings and Durab le Goods Growth

-30 %

-25%

-20 %

-15%

-10 %

-5%

0 %

5%

10 %

15%

20 %

200

0-Q

1

200

0-Q

3

200

1-Q

1

200

1-Q

3

200

2-Q

1

200

2-Q

3

200

3-Q

1

200

3-Q

3

200

4-Q

1

200

4-Q

3

200

5-Q

1

200

5-Q

3

200

6-Q

1

200

6-Q

3

200

7-Q

1

200

7-Q

3

200

8-Q

1

200

8-Q

3

200

9-Q

1

200

9-Q

3

2010

-Q1

201 0

-Q3

2011

-Q1

2011

-Q3

2012

-Q1

2012

-Q3

2013

-Q1

2013

-Q3

2014

-Q1

“…pre-foreclosure

filings decreased by

12.5 percent from

83,50 0 to 73,10 0

per month nat ionally

in June 20 14 from a

year ago.”■

-40 %

-20 %

0 %

20 %

40 %

60 %

80 %

10 0 %

120 %

Jan

-01

Jun

-01

No

v-0

1

Ap

r-0

2

Se

p-0

2

Fe

b-0

3

Jul-

03

De

c-0

3

Ma

y-0

4

Oc

t-0

4

Ma

r-0

5

Au

g-0

5

Jan

-06

Jun

-06

No

v-0

6

Ap

r-0

7

Se

p-0

7

Fe

b-0

8

Jul-

08

De

c-0

8

Ma

y-0

9

Oc

t-0

9

Ma

r-10

Au

g-1

0

Jan

-11

Jun

-11

No

v-1

1

Ap

r-12

Se

p-1

2

Fe

b-1

3

Jul-

13

De

c-1

3

Ma

y-1

4

Foreclosure Inventory Seriously Delinquent Inventory

0 .0 %

2.0 %

4.0 %

6.0 %

8.0 %

10 .0 %

12.0 %

14.0 %

Florida New Jersey New York

Pre-Recession 20 0 0 -20 0 6 Peak Current

C��Ɵ���� �� ���� �

-40 %

-30 %

-20 %

-10 %

0 %

10 %

20 %

30 %

40 %

50 %

MI

CA

NV HI

OR

MA

GA

NY

WA

TX

SD

ND

CO FL

ME IL TN

AZ

OH

MN

SC ID UT

DE

DC

Current

“…nat ional home

prices increased by

7.5 percent year over

year, and by 1 percent

month over month.”

■

95

10 0

10 5

110

115

120

125

130

135

140

Jan

-11

Ma

r-11

Ma

y-1

1

Jul-

11

Se

p-1

1

No

v-1

1

Jan

-12

Ma

r-12

Ma

y-1

2

Jul-

12

Se

p-1

2

No

v-1

2

Jan

-13

Ma

r-13

Ma

y-1

3

Jul-

13

Se

p-1

3

No

v-1

3

Jan

-14

Ma

r-14

Ma

y-1

4

Price 0 -75% of Median Price 75-10 0 % of Median

Price 10 0 -125% of Med ian Price > 125% of Median

June 2014 Home Prices Increased ���Ɵ���� ���� ���� �

, July 28, 20 14

, July 30 , 20 14

, July 31, 20 14

, July 31, 20 14

, July 31, 20 14

The Condo Comback ���Ɵ���� ���� ���� �

Housing-Related Spending ���Ɵ���� ���� ���� �

■

■

0

50 0

1,0 0 0

1,50 0

2,0 0 0

2,50 0

Jun-

200

6

Dec

-20

06

Jun-

200

7

Dec

-20

07

Jun-

200

8

Dec

-20

08

Jun-

200

9

Dec

-20

09

Jun-

2010

Dec

-20

10

Jun-

2011

Dec

-20

11

Jun-

2012

Dec

-20

12

Jun-

2013

Dec

-20

13

Jun-

2014

Jud icial

Non-Judicial

0 %

1%

2%

3%

4%

5%

6%

7%N

JF

LN

Y HI

ME

CT

MD IL DE

NV

NM

PA

OR

DC RI

OH

SC

VT

OK

WA IN KY

LA

MA ID MS

AR IA GA

NC

KS

WI

NH

WV

TX

AL MI

TN

UT

CA

MO

VA

MT

CO

SD

AZ

WY

MN

ND

NE

AK

Jud icial

Non-Judicial

-20 %

-15%

-10 %

-5%

0 %

5%

10 %

15%

20 %

Jan

-20

04

Jun

-20

04

No

v-2

00

4

Ap

r-2

00

5

Se

p-2

00

5

Fe

b-2

00

6

Jul-

20

06

De

c-2

00

6

Ma

y-2

00

7

Oc

t-2

00

7

Ma

r-2

00

8

Au

g-2

00

8

Jan

-20

09

Jun

-20

09

No

v-2

00

9

Ap

r-2

010

Se

p-2

010

Fe

b-2

011

Jul-

20

11

De

c-2

011

Ma

y-2

012

Oc

t-2

012

Ma

r-2

013

Au

g-2

013

Jan

-20

14

Jun

-20

14

Includ ing Dist ressed

Excluding Dist ressed

0 .4% 5.7%

9%

3.1%

-40 %

-30 %

-20 %

-10 %

0 %

10 %

20 %

30 %

40 %

50 %

MI

CA

NV HI

OR

MA

GA

NY

WA

TX

SD

ND

CO FL

ME IL TN

AZ

OH

MN

SC ID UT

DE

DC

Current

-37.3% 0 .0 %

%

%

27.2%

−14 .1%

.4%

−3.2%

-37.7% 0 .0 %

%

22.9%

−12.0 %

8%

−0 .5%

© 20 14 CoreLogic — Proprietary and confident ial. This material may not be reproduced in any form w ithout express w rit ten permission. 11

The Market Pulse � August 20 14 � Volume 3, Issue 8 | Analysis

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