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CoreLogic released its 2022 Leadership in Insurance Survey, which asked executives in the property and casualty insurance industry how they see the pace at which executing business transformation initiatives is happening in response to significant shifts in the risk landscape.
In terms of both dollars and market share, jumbo mortgage originations grew significantly in 2021 relative to the prior year.
In addition to elevated demand for owner-occupied and second homes since the onset of the pandemic, there has also been an increase in investor home purchases across the U.S. housing markets.
2021 proved to be yet another challenging year for property & casualty insurers with significant variations in reconstruction costs, growing threats to property from natural catastrophes, and the persistent impact of the COVID-19 pandemic.
New home prices up less in 2021, but more over the last decade
Historically, large-balance mortgage loans, known as ‘jumbo’ loans, have had a higher interest rate than conforming loans.[1] However, since mid-2013, the interest rate for a jumbo loan was lower than a conforming loan until June 2020.
Much like the record appreciation recorded in the CoreLogic Home Price Index, investor activity hit peaks previously unseen in CoreLogic data in the second quarter of 2021.
On Friday evening, December 10, a deadly series of tornadoes broke out across six states: Arkansas, Illinois, Kentucky, Mississippi, Missouri, and Tennessee.
Is 2021 the hottest real estate market ever? According to the S&P CoreLogic Case-Shiller Home Price Index (HPI), annual U.S. appreciation rates from April to September have been at their highest since the inception of the index. CoreLogic’s public records data shows 2021 is easily on pace to be ...
Conventional Mortgage Lending in Underserved Areas Dropped During the Early Months of Pandemic
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...
The COVID-19 pandemic proved to be a major catalyst for change within the insurance industry. CoreLogic leads the pack with some of the best and most comprehensive reconstruction costs and prefill data.
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