Executive, Chief Economist, Office of the Chief Economist
Frank Nothaft holds the position of executive, chief economist for CoreLogic. He leads the Office of the Chief Economist and is responsible for analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets.
Before joining CoreLogic, Nothaft served in a variety of leadership positions with increasing responsibility at Freddie Mac. Most recently, he was vice president and chief economist responsible for forecasts, research and analysis of the macro economy, housing and mortgage markets. He earned his bachelor’s in mathematics and computer science at New York University and his doctorate in economics from Columbia University.
An unexpected side effect of the pandemic has been the extraordinary rise in home prices during 2021. This trend has increased the need for jumbo loans in 2021, spurring the largest issuance since 2007.
The U.S. has experienced record annual home-price growth with faster appreciation for detached houses than attached homes. A similar pattern has occurred for rent growth, and that experience is not unique to the U.S.