Executive, Research & Insights and Deputy Chief Economist, Office of the Chief Economist
Selma Hepp holds the position of executive, research and insights and deputy chief economist in the Office of the Chief Economist at CoreLogic. She is responsible for analyzing, interpreting and forecasting economic trends in real estate, mortgage and insurance.
Prior to joining CoreLogic, Hepp was chief economist and vice president of Business Intelligence for Pacific Union International, Inc. as well as chief economist for Trulia.
She earned her master’s degree in economics from the State University of New York, Buffalo and her doctorate from the University of Maryland.
As the Dixie Fire continues to burn, we look to the past to understand its potential impact. Diving into the longitudinal effects of the Glass and North Complex Fires of 2020 reveals impact on rent and home prices in the surrounding counties.
While many consumers are planning to buy homes, cars and major appliances in the coming months, there are still about 2 million homeowners behind on their mortgage payments and/or in forbearance programs.
Despite concerning acceleration in home prices since last summer, consumers are still eager to buy, and an increasing share of homes are selling over the asking price. In May, S&P CoreLogic national Case-Shiller Index skyrocketed 16.6% year over year — keeping with the theme of reaching new highs in the past few months.