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Corporation
INTERNET | Internet Software & Services / Information Providers & Portals
dataquick.com

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Founded Year

1978

Stage

Acquired - III | Acquired

About DataQuick Information Systems

DataQuick Information Systems (DataQuick) is a supplier of real estate data, analytics and business solutions to mortgage originators and servicers, investors, real estate professionals and the public sector. Employing a database of over 120 million U.S. residential properties, DataQuick provides customized analytical solutions, credit reporting, flood zone determination services, fraud monitoring, property valuation and automated decision software.

DataQuick Information Systems Headquarter Location

9530 Towne Centre Drive

San Diego, California, 92121,

United States

858-597-3100

Latest DataQuick Information Systems News

March home sales in high gear: Robust turnover of existing houses eases pain in new-home drop

Apr 17, 2015

SEND PDF A total of 3,140 houses, condos and townhomes changed hands last month, the biggest tally in eight months and the most in the month of March – traditionally considered the start of the homebuying season – since 2006. , FILE PHOTO: JEBB HARRIS, THE REGISTER CoreLogic shedding DataQuick name CoreLogic announced Thursday that it no longer is using DataQuick's name for housing reports. CoreLogic purchased the La Jolla-based housing tracker in March 2014 for $661 million, adding DataQuick Information Systems to a collection of housing data companies that also includes the Case-Shiller Home Price Index. In addition, CoreLogic long has produced its own Home Price Index, which measures house prices for more than 900 U.S. metro areas. Orange County home sales lifted off in March, climbing 8.9 percent above where they’d stood a year earlier, CoreLogic reported Thursday. The March increase was on the strength of existing home sales, while new-home sales continued their downward slide of recent months. Existing house and condo transactions rose 13 percent, compared with a 17 percent drop in sales of newly built homes. Though the March number hinted at expanded inventory, housing stock was still below its historical trend. A total of 3,140 houses, condos and townhomes changed hands last month, the biggest tally in eight months and the most in the month of March – traditionally considered the start of the homebuying season – since 2006. The median selling price of an Orange County home, which is the midpoint of all sales prices, was unchanged from a year ago at $580,000, CoreLogic reported. The first big annual sales gain in nearly 11/2 years was magnified by the fact that homebuying had been depressed since late 2013 following a huge jump in home prices. Last month’s sales were also still 14.5 percent below the March average of the past 27 years. Sales jumped last month across the region, as Southern California housing transactions rose 11.1 percent to 19,603. “Sales increased year over year, which is something that’s only happened in a few months over the past year,” said CoreLogic analyst Andrew LePage. “Sales have been hampered by low inventory, especially in the lower price ranges, rising prices and lingering credit hurdles.” An increase in the number of homes for sale “could support higher sales and tame home price appreciation,” LePage added. Orange County had just over 5,400 homes listed for sale by the end of March, still about 2,600 listings below normal, according to Steve Thomas of ReportsOnHousing.com . The March data gave mixed signals about the direction of the market, with prices stagnating even in the face of growing demand. LePage speculated that the median price flatlined because sales in March were skewed toward less-expensive homes. Some local agents say increasing demand is resulting in multiple offers on properties. “I had a home close that had four offers, all at asking price or higher,” said Seven Gables Real Estate agent Phil Schaefer. “Another two closings went full price.” “The south O.C. market is very busy. If a home is priced right, you can expect multiple offers,” added Mission Viejo broker Eileen Oldroyd. Still, buyers are more savvy, thanks to the proliferation of real estate websites, Oldroyd added. “They are less willing to overpay for a home.” Housing economist G.U. Krueger said there appears to be more move-up activity, a sign of a more traditional housing market. “Mortgage rates are extremely low, and jobs are growing nicely, which helps the turn to a conventional market,” he said. Contact the writer: 714-796-7734 or jcollins@ocregister.com Most popular

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