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CoreLogic Econ


Blog Entries by David Stiff

Hurricanes and Home Prices

Large Regional Housing Markets Can Withstand Huge Storms

David Stiff    |    Housing Trends

Most Costly US Hurricanes

The 2017 Atlantic hurricane season will be one of the most active on record. So far, 13 tropical storms have been named and seven of them have grown into hurricanes. Unfortunately, three of those hurricanes – Harvey, Irma and Maria – made landfall in the U.S., causing extensive damage in Texas, Florida, Puerto Rico and the U.S. Virgin Islands. It is likely that the 2017 season will...

Land Values Drive Home Price Volatility

David Stiff    |    Property Valuation

When homeowners think about the value of their properties they usually focus on the physical attributes of their houses and pay less attention to the land parcels on which their houses sit. This makes sense since most people spend more time inside their houses than in their backyards. But in many housing markets, especially expensive markets on the East and West Coasts, the values of...

10 Years After the Bubble, Home Prices Are Hitting New Highs

But This Time It’s Different (Really)

David Stiff    |    Housing Trends

Metro Areas with Largest Home Price Gains from Previous Peak

This July marks the 10-year anniversary of the U.S. home price bubble. The national CoreLogic Case-Shiller Home Price Index peaked in July 2006 and then dropped 27 percent over the next six years. Nearly a decade later, the national index still remains 4 percent below its peak nominal value.[1]

Many local markets have...

Federal Reserve Reduces Stress on Housing Markets

2016 Supervisory Scenarios

David Stiff    |    Housing Policy

The Federal Reserve’s recently released 2016 Supervisory Scenarios for home prices paint a slightly less pessimistic picture for housing markets in the event of a sharp economic downturn or another global financial crisis, compared to the Fed’s 2015 scenarios. Home prices fall 12 percent and 25 percent from peak to trough in the 2016 Adverse and Severely Adverse Scenarios,...

Houses in the Cloud (of Price Dispersion)

David Stiff    |    Property Valuation

Case-Shiller Implied Volatility Estimates

The CoreLogic Home Price Index (HPI®) and the CoreLogic Case-Shiller indexes track average home price trends. But every residential property is a unique bundle of physical characteristics (of both the housing structure and the lot) and location (proximity to jobs and schools and the attributes of the surrounding neighborhood). So the price paths of individual homes will vary...