OCE Monthly

Video Blog

CoreLogic’s Office of the Chief Economist (OCE) employs the housing industry’s most experienced and knowledgeable experts. Their podcasts and videos help make sense of the most important issues in the housing market based on industry-leading data. In this series of podcasts and videos, CoreLogic’s Molly Boesel and Selma Hepp offer their commentary on many aspects of the current national housing market, as well as projections about what’s in store for the future. Listen to and view previous insights from CoreLogic economists.
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July 16, 2021

Comparing Two Home Price Booms, Fifteen Years Apart

As home prices soar in 2021, many comparisons are being made between the current housing environment and the one in 2006. However, despite recent double-digit home price appreciation, the mortgage payment to purchase a home is substantially more affordable than it was 15 years ago.

May 24, 2021

Examining the For-Sale Inventory Shortage

Lack of availability of homes for sale has been the Achilles’ heel of many housing markets across the country even prior to 2020, and the COVID-19 pandemic has only exacerbated the shortfall. Since the Great Recession, the inventory of homes for sale has been on a decline and has reached its lowe...

May 12, 2021

Job Growth & The Economic Recovery

The U.S. shed more than 22 million jobs in March and April 2020 as the economy felt the full impact of the pandemic shutdown.  These jobs have been coming back, and as of February 2021, the U.S. has recovered 58% of the jobs lost in 2020. However, the job recovery has been felt differently a...

April 2, 2021

Homeowners with Low Equity May Be in Trouble

Robust home price growth, which averaged 5.7% nationally over the last year according to the CoreLogic Home Price Index , drove equity of America’s homeowners with a mortgage up by more than $1.5 trillion. Added together across all homeowners in the U.S., home equity has grown more than...

March 18, 2021

Big Coastal Metros Continue to Experience Loss in Home-Purchase App...

New York Had the Highest Net Out-Migration and Riverside Had the Highest Net In-Migration In spite of the confluence of the COVID-19 pandemic and high unemployment in 2020, the total number of home-purchase loan applications rose by 11% from 2019. The need for more space (to accommodate an office...

February 19, 2021

Home Equity and Remodeling on the Rise

Remodeling at Highest Rate Since 2006, Creating Boom in Construction Home prices in the U.S. have been rising consistently for nearly 10 years, and the pace of home price growth quickened in 2020, leading to record levels of home equity. The latest CoreLogic Home Equity Report found tha...

December 9, 2020

Record Low Mortgage Rates Generated a Refinance Boom in 2020

Trends in Refinancing Mortgage rates have hit record lows in 2020, generating a refinance boom as borrowers seek to save on their mortgage payments. CoreLogic has been monitoring the share of outstanding mortgage debt with interest rates above the current market rates[1] and found that a lar...

February 14, 2020

The End of LIBOR

Hi, I’m Jacqueline Doty, and today I’m going to discuss the end of LIBOR, what it means for lenders and how they should prepare. Sometime after 2021, LIBOR, the London Inter-Bank Offered Rate – the index used to set many adjustable mortgage rates, is expected to be discontinued. Why is it being d...

December 10, 2019

Know Your Opportunity:Leveraging Data-Driven Insights to Get the Mo...

Opportunity Zones are low income census tracts designated to give investors certain relief from capital gains tax on profits that are invested in those communities, whether it’s in a business or real estate development. The program has the potential to revitalize places traditionally overlooked f...

March 1, 2019

Housing Recessions and Recoveries

Economic Observations, March 2019 Lately, it seems like the roof of the housing market might cave in. Several of the major housing market indicators have shown much volatility as of late. For instance, the S&P CoreLogic Case-Shiller Home Price Index fell for seven straight months, new home sa...

November 8, 2018

The New Normal in Homes Sales is About a Million Fewer Sales Per Year

Since the housing recovery started taking hold in 2012, we’ve been searching for signs that the recovery is complete. While home prices and delinquencies have both returned to their pre-crisis levels, home sales show signs of lagging behind. Figure 1 shows the number of home sales (both resales a...