From: Lori Guyton [lguyton@cvic.com]
Sent: Thursday, March 04, 2010 8:39 AM
To: Wasserman, Jim - Sacramento
Subject: Sacramento-Arden-Arcade-Roseville Real Estate News and Trends
First American CoreLogic Sacramento--Arden-Arcade--Roseville Housing Update
March 4, 2010 A real estate report by First American CoreLogic on home sales, price trends, and foreclosure activity
More information about First American CoreLogic can be found at www.facorelogic.com/newsroom/newsroom.jsp.
 
Contact: Lori Guyton (901) 277.6066 lguyton@cvic.com

 FORECLOSURE ACTIVITY


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

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

According to newly released data from First American CoreLogic on foreclosures for the Sacramento--Arden-Arcade--Roseville area, the rate of foreclosures among outstanding mortgage loans is 3.91 percent for the month of January, an increase of 1.60 percentage points compared to January of 2008 when the rate was 2.30 percent.* Foreclosure activity in Sacramento--Arden-Arcade--Roseville is higher than the national foreclosure rate which was 3.19 percent for January 2009, representing a 0.72 percentage point difference.

Also in Sacramento--Arden-Arcade--Roseville, the mortgage delinquency rate has increased. According to First American CoreLogic data for January 2009, 12.29 percent of mortgage loans were 90 days or more delinquent compared to 7.64 percent for the same period last year, representing an increase of 4.65 percentage points.*

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

Location 90+ Day Delinquency Rate January 2009 90+ Day Delinquency Rate January 2008 Percentage Point Change in 90+ Day Delinquency Rate Foreclosure Rate January 2009 Foreclosure Rate January 2008 Percentage Point Change in Foreclosure Rate REO Rate January 2009 REO Rate January 2008 Percentage Point Change in REO Rate
California 11.64% 7.58% 4.06% 3.75% 2.22% 1.54% 0.76% 1.57% -0.81%
Sacramento--Arden-Arcade--Roseville, CA 12.29% 7.64% 4.65% 3.91% 2.30% 1.60% 0.84% 1.41% -0.57%
US 8.66% 5.53% 3.13% 3.19% 1.99% 1.20% 0.54% 0.77% -0.22%

Source: First American CoreLogic.

Sacramento--Arden-Arcade--Roseville, CA 90+ Day Delinquency Rate Foreclosure Rate REO Rate
January 2010 12.29% 3.91% 0.84%
December 2009 11.77% 3.71% 0.87%
November 2009 11.27% 3.53% 0.91%
October 2009 10.94% 3.54% 0.89%
September 2009 10.59% 3.46% 0.91%
August 2009 10.08% 3.44% 0.80%
July 2009 9.51% 3.38% 0.80%
June 2009 9.31% 3.40% 0.93%
May 2009 9.01% 3.39% 0.87%
April 2009 8.62% 3.22% 0.87%
March 2009 8.16% 3.03% 0.94%
February 2009 8.06% 2.59% 1.34%
January 2009 7.64% 2.30% 1.41%

Source: First American 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 First American 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.