Home Price Growth Has Turned the Corner
The latest release of the S&P CoreLogic Case-Shiller Index indicated that home price growth remained strong in August, clocking in a 19.8% annual growth, same as the month prior.
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Selma Hepp is the Chief Economist for CoreLogic, America’s largest provider of advanced property and ownership information, analytics and data-enabled services. Selma leads the economics team, which is responsible for analyzing, interpreting and forecasting housing and economic trends in real estate, mortgage and insurance.
Prior to joining CoreLogic in 2020, Selma was Chief Economist and Vice President of Business Intelligence for Pacific Union International, later acquired by Compass, where she oversaw the vital economic and technology intelligence to drive the expanding brokerage’s success. Selma also held the role of Chief Economist for Trulia; Senior Economist for the California Association of Realtors; and Economist and Manager for Public Policy and Homeownership research for the National Association of Realtors, as well as a special research assistant at the U.S. Department of Housing and Urban Development.
Selma frequently appears on local and national radio and television programs and has been widely quoted in The Wall Street Journal, The New York Times and many industry trade publications such as National Mortgage News and HousingWire. Selma received the HousingWire Women of Influence Award in 2022. She has served as president of the Los Angeles chapter of the National Association for Business Economics (NABE), NABE Real Estate Roundtable co-chair, Board member of the International Student Exchange Program, Advisory Board member of the REALTOR® University Research Center Editorial Review and a Member of the Housing Policy Debate Editorial Advisory Board. Selma held a Real Estate Associate professional license in Florida and Virginia.
Selma graduated from the State University of New York, Buffalo with an M.A. in Economics and holds a Ph.D. from the University of Maryland.
The latest release of the S&P CoreLogic Case-Shiller Index indicated that home price growth remained strong in August, clocking in a 19.8% annual growth, same as the month prior.
Persistently strong demand among traditional buyers has been amplified by an increase in demand from investors this summer, keeping the latest S&P CoreLogic Case-Shiller stalled at the previous month’s peak increase: up 19.8% year over year.
Summer’s red-hot housing markets are echoed in the latest S&P CoreLogic Case-Shiller Index, which accelerated to a new record high — up 19.7% year over year.
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.
Home buyer demand pushed price growth to a new record high in June, with S&P CoreLogic national Case-Shiller Index clocking in an 18.6% year-over-year growth rate.
While many consumers are planning to buy homes, cars, and major appliances, there are still about 2 million homeowners behind on their mortgage payments and/or in forbearance programs.