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Office of the Chief Economist

Blog

CoreLogic’s Office of the Chief Economist (OCE) employs some of the brightest minds and most often quoted professionals in the housing ecosystem, including Molly Boesel, Selma Hepp and other experts who know how to best interpret data trends and tell you what they mean. The OCE authors CoreLogic’s regular monthly economic reports: The Home Price Index (HPI), the Loan Performance Index (LPI), the Single-Family Rent Index (SFRI) and the S&P Case-Shiller Index (CSI). Our economists also routinely weigh in on other key housing topics on our blog, podcasts and videos. Read previous blog posts from CoreLogic's economists.
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December 6, 2021

Appraisal Gap Falls as Fast as it Had Previously Risen

The housing market’s recovery in summer 2020 from the outbreak of the pandemic was largely unexpected: by July, despite a high unemployment rate with more than 16.3 million people out of work, home sales rebounded strongly to climb back to pre-pandemic levels and surpassed the same-period sales f...

November 3, 2021

Homes Sold Quickly and Supply Shortage Remains

The shortage in for-sale homes has driven the number of days homes are on the market to new lows in 2021.

October 26, 2021

More Than Half of Homes Are Selling at or Above List Price

Since the pandemic began over a year ago, a supply shortage of for-sale homes has fueled home price growth.

October 8, 2021

Single-family Investor Activity Surges in the Second Quarter

2021 is shaping up to be a very different year for investors than 2020. After pulling back their market activity at the onset of the pandemic, investors had a business-as-usual winter, before capturing the highest market share seen in the last 10 years in the second quarter. Figure 1 shows the sh...

October 4, 2021

Millennial Homebuyers Dominate in High-Tech and Midwest Metros

An increasing number of millennials, those born from 1981 to 1996, are in or are approaching their first-time homebuying years.

September 30, 2021

More than 1.2 Million Loans to Exit Forbearance in the Coming Wave ...

18 months after the passage of the CARES Act, which provided millions of homeowners the protection of COVID-19 payment forbearance, many mortgage loans are expected to reach the end of forbearance.

September 16, 2021

How Homebuyer Migration Changed in 2021

As more people are vaccinated and the economy improves, homebuyers' location choices are shifting once again. This analysis highlights trends in owner-occupant homebuyer migration through July 2021.

August 18, 2021

Homeownership Accelerated Among Young Millennials During the Pandemic

Last year, the millennial generation emerged as the biggest force driving the housing market.

August 9, 2021

Sufficient Equity for Borrowers in Forbearance Across the Country

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.

June 28, 2021

Jumbo Loans No Longer Cheaper than Conforming Loans

While the mortgage rate dropped to a record low in 2020, the jumbo-conforming mortgage rate spread widened. In other words, jumbo loans were relatively more expensive than conforming loans.

June 24, 2021

Have Opportunity Zones Strengthened Neighborhood Home Prices?

An analysis of CoreLogic data finds an extra 2.2% per year in neighborhood price appreciation It has been more than three years since the Tax Cuts and Jobs Act of 2017 created a provision, known as qualified opportunity zones, to focus on the rejuvenation of economically distressed communities ac...

June 14, 2021

Are Higher Risk Homes Cheaper?

The Impact of Climate Change on Property Values The risk of natural hazard risk in United States is on the rise. According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. This is nearly 150% more than the avera...