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LATEST CORELOGIC ECON TWEETS

Where Are Households in High-Cost Markets Buying Homes?

Net Outward Migration from Higher-Priced Counties to Lower-Priced Counties

Archana Pradhan    |    Housing Trends

Net Inflow to SF County During 2016

Home prices in many high-cost areas such as San Francisco, New York City, and elsewhere, have sky-rocketed and become less affordable. A combination of tight supply and high demand (driven by an improving economy and strong job growth) has led to the affordability challenges in these areas. Not all buyers are wealthy or have a high income to afford the rising housing cost in these areas. In...

Effective Age Versus Actual Age

An Important Appraisal Question

James Siebers    |    Property Valuation

Older house with rennovations

Have you ever thought about how the components of your home contribute to the age of your home? The roof, siding, trim and windows, how long do they all last? How about the furnace and water heater? While electrical and plumbing fixtures, carpet, vinyl, flooring materials, counter tops and other interior decorating items may functionally last longer, their appearance and style may not....

Homeowner Mobility and Migration Trends

Mobility Down By a Third Over Last Three Decades and State-to-State Migration at 15-Year Lows

Kristine Yao    |    Housing Trends

Homeowner Mobility Declining Over Past 3 Decades

CoreLogic has a new source of data for analyzing household demographic trends over time. Various data sets, including property tax records and recorded sale transactions, were linked to distinct consumers, tracking them chronologically through their chain of home purchases. The consumer-pinned dataset offers a valuable complement to traditional sources of demographic data, which typically...

In Flood Risk Modeling, Resolution Matters

Even When You Think It Shouldn’t

Laurel DiSilvestro    |    Natural Hazard Risk

We have all seen the dramatic pictures of destruction and loss after a devastating flood event. Usually, the scene is depicted as a sea of water inundating broad areas of a geographic region, impacting communities and homes. However, what we usually don’t understand from these images is the significant regional variations of water depth. This is one of the key indicators of contents...

Hot Summer, Hot Markets

A Third of Homes Sold for the List Price or More in August 2016

Shu Chen    |    Housing Trends

Share of Sales At, Above or Below the List Price

A greater share of homes are selling at or above their listing price as healthy housing demand continues to meet a tight inventory of homes for sale. Figure 1 shows the share of homes nationally that sold at a price above, equal to or below the list price. 1 The share of homes selling at or above list price has recovered to early 2006 levels. In August 2016 that share was more...

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