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Blogs

August 17, 2020

Millennials are Driving the Demand for Condos as Sales Increase in ...

Austin, New York, and Naples experienced increase in condo sales in 2019 For millennials, first-time homebuyers (FTHBs), and down-sizing baby boomers, condos can be the most reasonable option when buying a property. Their values and lifestyle drive them toward buying condos because they tend to b...

July 6, 2020

Understanding Risk in a Decade of Natural Catastrophes

July 6, 2020 Maiclaire Bolton Smith Sr. Leader of Research & Content In the past 10 years, the U.S. has seen 121 events produce damage in excess of $1 billion. Globally, this escalates with many more events around the world. From major hurricanes and floods, to annual severe weather, devastat...

June 26, 2020

Three Reasons Parametric Insurance is Our Future

As climate change continues to alter the atmosphere and increase the severity and frequency of natural catastrophe events, insurers across the nation are considering new ways to improve their underwriting and claims operations. Excessive losses from these severe events have led them to adopt para...

June 19, 2020

Coronavirus Creates Ideal Conditions For Spike in Non-weather Water...

Fears about the coronavirus pandemic have prompted public officials to order quarantines and stay-at-home orders across the nation. A Gallup poll on April 3rd indicated that 75% of Americans have self-isolated in their household.1 This means that all of those hours previously spent at t...

June 17, 2020

COVID-19 May Have Changed Home Buying Patterns Permanently

Home buying has always been driven by principles of affordability, location, and love.  During this COVID-19 pandemic, property search remains consistent.  That’s a digital exercise and hasn’t been affected. Home buyers continue to focus on a city or polygon region of an area where...

June 3, 2020

The Value of Client Relationships Across the Real Estate Industry

In the modern real estate economy, service clients, like lenders, insurance carriers and appraisers, are under tremendous pressure to grow business with less resources. This reality has been magnified as the world deals with the global coronavirus (COVID-19) pandemic. To the best of our ability, ...

May 26, 2020

The Top Four Challenges Facing the Property and Casualty Insurance ...

The insurance industry is one of the oldest industries in the world, dating back to the third and second millennia B.C. An industry with such deep roots in human civilization has thrived by continually transforming to changing circumstances. Still, the insurance business faces unique obstacles to...

April 23, 2020

Upon Transition from LIBOR to SOFR

A Look Back at Another Episode of Reference Rate Replacement for an Adjustable-Rate HECM A transition from London Interbank Offered Rate (LIBOR) to Secured Overnight Financing Rate (SOFR) as the new benchmark rate is well underway. Since the publication of SOFR in April 2018, average daily tradin...

April 20, 2020

Coronavirus Adds to Recovery Challenges in Southeast U.S. After Tor...

On April 12 and 13, 2020, severe weather swept through the Southeast U.S. A total of 86 tornadoes tore through the region, leading to the loss of at least 34 lives. Over the two-day storm period, CoreLogic® Tornado Verification Technology monitored the tornadoes and estimated structural impa...

April 6, 2020

Important Information About the California Department of Insurance’...

Six things to know about the recent impasse between regulators and insurers in the aftermath of California’s devastating wildfires After catastrophic wildfires swept across California in 2017 and 2018, state insurers were hit with record-breaking losses of over $25 billion.1 2 With three mil...

April 1, 2020

What is the Impact of a Recession on the Housing Market?

There is a widespread expectation that the US as well as the whole world have entered or will be in recession amid the coronavirus pandemic. Goldman Sachs and JPMorgan forecast a more than 20% US GDP contraction for next quarter[1] . The International Monetary Fund declared a global recessio...

March 27, 2020

The Top Four Ways Millennials Are Changing the Housing Market

Millennials are now the fastest growing segment of home buyers. The latest U.S. Census Bureau Housing Vacancies and Homeownership report revealed that the homeownership rate for 25 to 34-year-olds has increased from 36.5% in Q4-2018 to 37.6% in Q4-2019.1 With a median adjusted household inco...