From: Lori Guyton [lguyton@cvic.com]
Sent: Wednesday, July 07, 2010 11:15 AM
To: Wasserman, Jim - Sacramento
Subject: Sacramento-Arden-Arcade-Roseville Real Estate News and Trends
CoreLogic Sacramento--Arden-Arcade--Roseville Real Estate News and Trends
July 7, 2010 A real estate report by CoreLogic on home sales, price trends, and foreclosure activity


Contact: Jason Schneider (202) 232.6399 jschneider@cvic.com

More Information about CoreLogic can be found at CoreLogic.com

 FORECLOSURE ACTIVITY

Foreclosure Rates in Sacramento--Arden-Arcade--Roseville Decrease

map Foreclosure rates in Sacramento--Arden-Arcade--Roseville have decreased for the month of May over the same period last year, according to CoreLogic.

According to newly released data from CoreLogic on foreclosures for the Sacramento--Arden-Arcade--Roseville area, the rate of foreclosures among outstanding mortgage loans is 3.03 percent for the month of May, a decrease of -0.35 percentage points compared to May of 2009 when the rate was 3.39 percent.* Foreclosure activity in Sacramento--Arden-Arcade--Roseville is lower than the national foreclosure rate which was 3.15 percent for May 2010, representing a 0.12 percentage point difference.

Also in Sacramento--Arden-Arcade--Roseville, the mortgage delinquency rate has increased. According to CoreLogic data for May 2010, 11.18 percent of mortgage loans were 90 days or more delinquent compared to 9.06 percent for the same period last year, representing an increase of 2.12 percentage points.*

* Data and percentage point differences are rounded to the nearest tenth and may appear to affect calculations.
 

Location 90+ Day Delinquency Rate May 2010 90+ Day Delinquency Rate May 2009 Percentage Point Change in 90+ Day Delinquency Rate Foreclosure Rate May 2010 Foreclosure Rate May 2009 Percentage Point Change in Foreclosure Rate REO Rate May 2010 REO Rate May 2009 Percentage Point Change in REO Rate
California 10.63% 8.79% 1.85% 2.91% 3.31% -0.40% 0.86% 1.00% -0.14%
Sacramento--Arden-Arcade--Roseville, CA 11.18% 9.06% 2.12% 3.03% 3.39% -0.35% 0.98% 0.87% 0.10%
US 8.22% 6.29% 1.93% 3.15% 2.56% 0.59% 0.65% 0.56% 0.09%

Source: CoreLogic.

Sacramento--Arden-Arcade--Roseville, CA 90+ Day Delinquency Rate Foreclosure Rate REO Rate
May 2010 11.18% 3.03% 0.98%
April 2010 11.27% 3.08% 0.96%
March 2010 11.32% 3.15% 0.94%
February 2010 11.53% 3.22% 0.90%
January 2010 11.58% 3.27% 0.92%
December 2009 11.46% 3.38% 0.91%
November 2009 11.34% 3.54% 0.91%
October 2009 11.02% 3.55% 0.89%
September 2009 10.66% 3.47% 0.91%
August 2009 10.15% 3.45% 0.80%
July 2009 9.59% 3.39% 0.80%
June 2009 9.37% 3.39% 0.93%
May 2009 9.06% 3.39% 0.87%
April 2009 8.67% 3.22% 0.87%
March 2009 8.21% 3.03% 0.94%
February 2009 8.11% 2.57% 1.34%
January 2009 7.68% 2.28% 1.42%

Source: CoreLogic.

Data Notes and Definitions

90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent including those in foreclosure and REO (real estate owned).

Foreclosure Rate: This measures the percentage of loans in some stage of foreclosure including 90+ delinquencies through properties sold at auction. This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends.

REO (Real Estate Owned) Rate: This measures the percentage of loans not sold at auction which are then returned to the lender. Foreclosure data for CoreLogic is reported based on the actual number of active mortgage loans rather than the total number of households in a given area, which provides more accurate results by removing paid-in-full mortgages from the equation.