CoreLogic, a leading residential property information, analytics and services provider, today released its CoreLogic Renter Applicant Risk (RAR) Index Report for the first quarter of 2013. The index shows a two-point year-over-year increase to a value of 104. The rise in the index is a sign of improving ability to meet lease obligations among prospective apartment renters nationwide.
Published quarterly, the RAR Index Report provides market-based benchmarks for evaluating credit quality and risk of default among renters applying for apartment homes in multifamily housing units and single-family rentals. Using a mean of 100, an index value above 100 indicates improved applicant credit quality and decreased lease default risk, and a value below 100 indicates declining applicant credit quality and increased lease default risk.
Read more...CoreLogic Releases Q1 2013 Renter Applicant Risk Index Report Showing Improved Applicant Quality - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
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