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LATEST CORELOGIC ECON TWEETS

Pinpointing Hurricane Risk Home by Home

Analysis Shows More Than 6.5 Million U.S. Homes Valued at Nearly $1.5 Trillion at Risk of Hurricane Storm Surge Damage

Tom Jeffery    |    Natural Hazard Risk

Pinpointing Hurricane Risk

This year, we’re ushering in the 2014 hurricane season, which officially began on June 1, in the wake of a fairly inactive past season and amid projections of slightly below-normal activity for the months to come. Though a number of tropical storms and hurricanes formed in the Atlantic in 2013, none made landfall in the U.S. Scientists are predicting more activity than last year in the...

Housing-Related Spending Made Up 17.6 Percent of GDP in the First Quarter of 2014

Revisions Show Largest Monthly Decrease in GDP Since 2009

Molly Boesel    |    Housing Trends

Residential Investment Growth Slowed in Lastest Quarter

The U.S. Bureau of Economic Analysis released its third estimate of Q1 2014 gross domestic product (GDP) today and the numbers show downward revisions in overall GDP growth from the second estimate released in May 2014. The first-quarter 2014 year-over-year growth rate for overall GDP was 1.5 percent, revised down from 2 percent, and the housing-related GDP growth was revised up to 2.1 percent...

“Generation Renter”

Millennials Delaying Milestone Life Events, Such As Homeownership, to Pursue Different Goals

Sam Khater

George Bernard Shaw wrote that “youth is wasted on the young.” While that is debatable, the young are certainly not wasting their youth when it comes to education, and that is having a big impact on homeownership rates by generation. Several new research studies on Millennials, (aka “Generation Y,” those born in the early 1980s through the early 2000s), indicate that a...

REO Inventory Rising Once Again

Recent Improvement in the Stock of REO Properties Fades in 2014

Sam Khater    |    Housing Trends

Real Estate Owned (REOs) Properties Are on the Rise

After reaching a trough of 375,000 homes in August 2013, the number of real estate owned (REO) properties in the U.S. grew 15 percent to 430,000 as of March 2014 (Figure 1). The increase was broad-based, rising in 46 states. While the increase was moderate nationally, some states saw larger increases than others. Idaho led the way with the stock of REO properties nearly doubling between August...

Oklahoma On Fire

Wildfires Burning in Oklahoma Illustrate the Increased Threat of Current Weather and Drought Conditions

Tom Jeffery    |    Natural Hazard Risk

Western U.S. Wildfire Risk

The wildfires burning in Oklahoma last week have kicked the 2014 season into high gear right out of the gate and, as many of us feared, are an example of the extreme type of fire risk posed to homes in many parts of the country when hot and dry conditions combine with high winds. Much of the western and central parts of the U.S. have been experiencing various levels of drought severity over...

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