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LATEST CORELOGIC ECON TWEETS

May 2017 Archive

Understanding the Science Behind Wind Verification Technology

Improvements in Science and Tools Enable Sophisticated Post Storm Response

Daniel Betten    |    Natural Hazard Risk

 

Did you know that wind is one of nature’s most difficult hazards to measure? The damage caused from it can potentially go undetected for months, as unlike hail, which can be visually seen and, can often concentrate in the center of severe storms, wind is invisible and depending on geography, can vary widely over small areas. Each year, extreme weather events, including wind, pose a...

New Reports Explore Homeownership Rate, Population and Young Adults

Three New Census Reports Give Insights on Housing Market Trends

Molly Boesel    |    Housing Trends

 

The U.S. Census released a treasure trove of data in April, including population by age, homeownership rates, and a report on the changing demographics of young adults. Taken together, these three reports give us insight into current and future housing market trends.

The Census release on 2016 population...

Loan Performance Insights Report Highlights: February 2017

Share of Mortgages in Some Stage of Delinquency Fell to 5 Percent

Molly Boesel    |    Mortgage Performance

 
  • Early-stage delinquencies were unchanged from a year ago
  • The current-to 30-day transition rate increased in February 2017 from a year earlier
  • San Francisco had the lowest delinquency rate of the largest metropolitan areas

 In February 2017, 5 percent of home mortgages were in some stage of delinquency, down from 5.5 percent a year earlier,...

Earthquake Risk: Spotlight on Probabilistic Loss Modeling

Loss Estimation Requires More than Hazard Science

Maiclaire Bolton    |    Natural Hazard Risk

 

Catastrophic risk models and analytics are commonly used by the insurance, reinsurance, financial and mortgage industries to help understand and quantify risk exposed to natural catastrophes including earthquakes, hurricanes, floods, wildfires and hail storms. The first step in developing a view of risk is understanding the landscape of the hazard. For earthquakes, the preferred view of hazard...

Home Price Index Highlights: March 2017

National Home Prices Increased 7.1 Percent Year Over Year in March 2017

Molly Boesel    |    Property Valuation

 
  • Home prices forecast to rise 4.9 percent over the next year.
  • Prices in 27 states have risen above the pre-crisis peaks and prices in 10 states are within 5 percent of their pre-crisis peaks.
  • Adjusting for inflation, home prices are still 18.1 percent below their peak.

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