Your Housing Recovery May Vary (Based On Location) – CoreLogic

CoreLogic’s May MarketPulse report,rnreleased today, looks at the housing recovery and concludes that it is notrnoccurring evenly across the U.S, but is “concentrated in geographies that arerneither recovering from the boom-bust cycle or exhibiting strong economicrnfundamentals and strengthening demographic demand.”  </p

According to CoreLogicrnChief Economist Dr. Mark Fleming and Deputy Chief Economist Sam Khater, thernforces contributing to the recovery have shifted from the traditional businessrnequipment and software investment to a recovery residential investment.  </p

Other key findings include:  </p<ul class="unIndentedList"<liMost markets have reached consistentrnprice recoveries in only the last year or two.</li<liReal estate recovery remains a localrnphenomenon; the Pacific and Mountain Census Divisions for example, experiencedrnthe most severe price declines but are recovery the most quickly. </li<liThe supply dynamics between newrnhomes for sale and foreclosure and short sale inventory are shifting. </li<liDelinquencies and shadow inventories</bare declining but again the changes vary by geography.</li</ul<ul type="disc"