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LATEST CORELOGIC ECON TWEETS

Hail

A Hazard That Should Not be Overlooked

Tom Jeffery    |    Natural Hazard Risk

One billion dollars: the amount of damage caused by hailstorms on an annual basis in the United States, yet this particular hazard is often overlooked.1 Hail is produced by convective storms, which are associated with a number of hazards, including tornadoes, flooding due to excessive rainfall and strong straight-line winds. All of these events can cause damage to property, so the...

More Or Less Natural Hazard Risk Than Average: It’s All About Location

Parcel-Level Hazard Risk Estimates Highlight Market Differences

Kathryn Dobbyn    |    Natural Hazard Risk

We all intuitively know that location matters when it comes to real estate. For the U.S. housing market, emphasis on location has in the past been in terms of factors such as school districts, commuting times, mass transit and walkability. That being said, in 2013, severe weather caused more than $8 billion in property damage throughout the United States. This number is only expected to...

Location, Location, Location - Florida Mortgage Fraud Risk Heats Up

CoreLogic 2014 Mortgage Fraud Report

Liang Tian    |    Mortgage Performance

It seems as though the old adage that real estate price is all about “location, location, location” applies to mortgage fraud as well. The CoreLogic 2014 Mortgage Fraud Report (newly released at this month’s Mortgage Fraud and Valuation Consortium Meetings) shows a...

Goldilocks and The Three Credit Bears

Is Credit Too Tight, Too Loose or Just Right?

Mark Fleming    |    Housing Trends, Mortgage Performance

One of the most pressing issues in housing finance today is the availability of credit. The lack of access to credit has been cited as a reason for the slower-than-hoped-for growth in home sales. The often cited Federal Reserve Loan Officer Survey tells us whether lenders are tightening or loosening credit, but tells us much less about the overall level of availability of credit....

Channeling Deep Blue Versus Garry Kasparov in Home Valuations

It’s time to standardize how real estate appraisers make their adjustments

Michael G. Bradley    |    Property Valuation

It might be time to reengineer the process appraisers use to make adjustments to comparable homes. The current approach does not appear to be defensible.

Completion of a uniform residential appraisal report by a licensed or certified appraiser is the dominant process used to determine the value of residential real estate in the United States. Fed Economist Leonard Nakamura reported in...

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