Insurance: The Evolving Role of Content Providers in the Property Ecosystem
Managing Enterprise through the Rapid Change Companies in the property ecosystem—lenders, insurers, property management companies and others—use data and information from content providers to drive improved consumer experience through automated workflows, streamline processing and expedited risk assessment. However, because of the surge of demand for radically different consumer experiences, the role of content providers supporting […]
Highest and Lowest Risk U.S. Housing Markets as of Q1 2017
Market Health Indicator Flags Nine Markets As High Risk, Six in Florida Alone Home prices have continued to rise, though for many markets, at a slower pace. Most markets are still healthy or have relatively low risk, according to the CoreLogic Market Health Indicator. However, nine of the top 100 metro markets – six in […]
Housing Trends: Comp Prices Often Exceed Subject Property Prices in Appraisals
Price Adjustment on Higher-Valued Comps Are Frequently Small and Downwardly Rigid A previous blog reported that appraisals are often identical to or exceed the contract price. In it, the analysis showed that nine out of 10 appraisals were either at the contract price (30 percent) or above it (60 percent). If the appraisal’s role is […]
Housing Trends: California Million-Dollar Home Sales Climb to a Q1 Peak as Stocks Soar
Luxury Sales Hit Highs While Sub-$500,000 Deals Dip to a 9-Year Low As many Californians struggled to gain a foothold in homeownership early this year, a surging stock market and other forces lifted sales of $1 million-plus homes to the highest level ever for a first quarter. The number of California homes that sold […]
Natural Hazard Risk: Earthquake Risk Spotlight on the Changing Risk in Oklahoma
What a Difference a Year Makes For nearly the past decade, the growing number of earthquakes in Oklahoma has gained widespread attention. As described in the CoreLogic Insights Blog Earthquake Risk: Spotlight on Oklahoma, it has been speculated that this rapid increase in the number of earthquakes correlates with the rate of pumping of wastewater […]
Natural Hazard Risk: Understanding the Science Behind Wind Verification Technology
Improvements in Science and Tools Enable Sophisticated Post Storm Response Did you know that wind is one of nature’s most difficult hazards to measure? The damage caused from it can potentially go undetected for months, as unlike hail, which can be visually seen and, can often concentrate in the center of severe storms, wind is […]
Housing Trends: New Reports Explore Homeownership Rate, Population and Young Adults
Three New Census Reports Give Insights on Housing Market Trends The U.S. Census released a treasure trove of data in April, including population by age, homeownership rates, and a report on the changing demographics of young adults. Taken together, these three reports give us insight into current and future housing market trends. The Census release […]
Housing Trends: New Reports Explore Homeownership Rate, Population and Young Adults
Three New Census Reports Give Insights on Housing Market Trends The U.S. Census released a treasure trove of data in April, including population by age, homeownership rates, and a report on the changing demographics of young adults. Taken together, these three reports give us insight into current and future housing market trends. The Census release […]
Mortgage Performance: Loan Performance Insights Report Highlights February 2017
Share of Mortgages in Some Stage of Delinquency Fell to 5 Percent Early-stage delinquencies were unchanged from a year ago The current-to 30-day transition rate increased in February 2017 from a year earlier San Francisco had the lowest delinquency rate of the largest metropolitan areas In February 2017, 5 percent of home mortgages were in […]
Natural Hazard Risk: Earthquake Risk Spotlight on Probabilistic Loss Modeling
Loss Estimation Requires More than Hazard Science Catastrophic risk models and analytics are commonly used by the insurance, reinsurance, financial and mortgage industries to help understand and quantify risk exposed to natural catastrophes including earthquakes, hurricanes, floods, wildfires and hail storms. The first step in developing a view of risk is understanding the landscape of […]
