#CoreLogic

[trendynewsnow]

Home Equity Surge: Opportunities for Homeowners in a High Interest Rate Environment

Home Equity Surge: An Opportunity for Homeowners American homeowners have seen a remarkable increase in their home equity, accumulating hundreds of thousands of dollars that they are increasingly leveraging, even amidst the backdrop of high interest rates. Home equity, which is calculated as the difference between the current market value of a home and the outstanding balance on the mortgage, has…

[cheaphousespending]

CoreLogic acquires point-of-sale fintech Roostify

CoreLogic, the real estate data and software provider, has acquired point-of-sale platform Roostify, an addition that will give it capabilities to directly assist lenders at the beginning of a digital loan process.       The move allows the Irvine, California-based CoreLogic to share business intelligence with mortgage companies in the first stages of borrowing, thereby ideally helping them…

[brianwhary]

In-Depth Analysis of CoreLogic Inc. Executive Leadership

In this in-depth analysis, we explore the executive leadership team of CoreLogic Inc., a leading provider of property data and analytics solutions. By examining the key executives driving the company's strategic direction and operational excellence, we aim to provide valuable insights into CoreLogic's leadership structure and expertise.

Frank Martell - President and Chief Executive Officer

Background and Leadership

Frank Martell serves as President and CEO of CoreLogic Inc., bringing extensive experience in finance, operations, and strategic management to his role. With a proven track record of driving growth and innovation, Martell leads CoreLogic with a focus on delivering value to customers and shareholders alike.

Strategic Vision

Under Martell's leadership, CoreLogic has embraced a strategic vision centered on data-driven insights and technology innovation. By leveraging CoreLogic's vast data assets and advanced analytics capabilities, Martell is positioning the company as a trusted partner for real estate professionals, lenders, and insurers worldwide.

James L. Balas - Chief Financial Officer

Financial Expertise

James L. Balas serves as Chief Financial Officer of CoreLogic Inc., overseeing the company's financial strategy and operations. With a background in finance and accounting, Balas brings a wealth of experience in financial planning, analysis, and risk management to his role.

Strategic Planning

Balas plays a key role in guiding CoreLogic's strategic planning and capital allocation decisions. His financial acumen and disciplined approach enable CoreLogic to optimize resources and maximize shareholder value in a dynamic and competitive market environment.

Ann Regan - Executive Vice President, General Counsel, and Corporate Secretary

Legal Leadership

Ann Regan serves as Executive Vice President, General Counsel, and Corporate Secretary of CoreLogic Inc., leading the company's legal and compliance functions. With a deep understanding of legal and regulatory matters, Regan ensures that CoreLogic operates with the highest standards of integrity and ethics.

Risk Management

Regan is responsible for overseeing risk management initiatives and ensuring compliance with applicable laws and regulations. Her proactive approach to risk mitigation helps safeguard CoreLogic's reputation and financial stability in an ever-changing business landscape.

Olumide Soroye - Executive Vice President, Chief Technology Officer

Technology Innovation

Olumide Soroye serves as Executive Vice President and Chief Technology Officer of CoreLogic Inc., driving the company's technology strategy and innovation agenda. With a focus on leveraging emerging technologies such as artificial intelligence and machine learning, Soroye is advancing CoreLogic's data analytics capabilities and product offerings.

Digital Transformation

Soroye is leading CoreLogic's digital transformation efforts, modernizing infrastructure and enhancing agility to meet evolving customer needs. By harnessing the power of data and technology, Soroye is accelerating CoreLogic's ability to deliver actionable insights and solutions to customers in the rapidly changing real estate industry.

Conclusion

In conclusion, CoreLogic Inc. is led by a seasoned executive team with diverse expertise and a shared commitment to innovation and excellence. Under the leadership of Frank Martell and his executive colleagues, CoreLogic is well-positioned to drive continued growth and deliver value to customers and stakeholders. As the company continues to innovate and evolve in the dynamic real estate market, its leadership team remains dedicated to driving long-term success and shareholder value.

[ljgrealestate]

As Australia’s rental market continues to tighten to record levels, the pace of rental growth has slowed for the second consecutive month, possibly due to a seasonal lift in rental stock combined with affordability constraints.

As Australia’s rental market continues to tighten to record levels, the pace of rental growth has slowed for the second consecutive month, possibly due to a seasonal lift in rental stock combined with affordability constraints.

CoreLogic’s Quarterly Rental Review for Q4 2022 shows the Australian dwelling market saw a slowdown in the pace of rent value growth to 2.0% in the December quarter. This was down from 2.3% growth in the September quarter, and a peak quarterly growth rate of 3.0% in the three months to May. CoreLogic Head of Research and report author Eliza Owen said December marked the second consecutive…

[algeroth]

Take the housing market. Home sale prices have come off of their 2022 peak, but they're still 47% higher than they were in 2019, according to the S&P CoreLogic Case-Shiller National Home Price Index. Even if you manage to find a deal, getting a loan is going to be costly. Thanks to the Federal Reserve's interest-rate hikes, mortgage rates are much higher than they were just a couple of years ago: somewhere around 7%, compared with just about 2.5% in 2021. Not only do these high rates weigh on prospective buyers, but anyone thinking of selling their home — hello, boomers — is likely to be turned off because their current mortgage rate is probably lower than a new one. With both buyers and sellers feeling the squeeze from higher mortgage rates, and with homebuilders unable to keep up, the inventory of available homes has collapsed. And as much as a lot of people would like to see a housing-market bubble burst, that's probably not in the cards.

The car market is in a similar situation. Vehicles are expensive. Loans are getting tougher to come by, and even if you manage to get credit, elevated interest rates are making financing costly. Car insurance is much more than it used to be, too. The Bureau of Labor Statistics' most recent consumer price index indicates the cost of car insurance is up by more than 20% over the past year.

When it comes to work, the vibe is static, too. Yes, the labor market is strong, but it's not a great time to go looking for a new job. Companies aren't laying people off en masse, but they're also not bringing employees on board quickly. Hiring has slowed significantly from where it was in 2021 and 2022. And, it's much lower than one would expect with the current unemployment rate.

"Employers are hiring as if there's a relatively weak labor market, not a strong one," said Matt Darling, a senior employment-policy analyst at the Niskanen Center, a center-right think tank.

The downshift in hiring has also tipped the balance of power back toward employers. While wages are still on the upswing, switching jobs may not come with as much of a pay bump as it did during the Great Resignation of 2021 and 2022. That may be fine for those who are happy in their jobs, which many people are, but it's not so great for those who are feeling a little antsy or underappreciated. And for those Americans who find themselves out of work and looking for a new gig, it's going to take a minute. Darling told me that for the unemployed, it takes about twice as long to get a job as it did before 2008. A job search that used to take 10 weeks at a similar unemployment rate now takes 20.

"That's obviously a huge source of dissatisfaction, because 20 weeks is a long time," Darling said. "What's that, five months to be looking for a job?"

What this all translates to is a scenario where some Americans feel trapped. They can put food on the table and fill up their gas tanks, albeit at a price they'd rather not be paying. But it's hard and expensive to move up the ladder in many meaningful ways. In a consumerist society that encourages people to want more and a culture that prizes itself on economic mobility, this level of stillness is uncomfortable. While it's still possible to get a better job or a new house, those things feel like they're off in some nebulous future, out of your control.

[kj-nanray]

Case-Shiller, Black Knight, CoreLogic - they're all saying the same thing: home prices are "almost universally" rising again across the country. If you're waiting for prices to fall significantly, you could be waiting a very long time indeed. And don't forget that there's a very real 'cost of waiting' when home prices are moving upward.

#housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate #kjnanrayrealtor #kjsellsvegas #kjnanray

[thepropertyshowaustralia]

There are 2,719 homes currently scheduled for auction across the combined capital cities this week...

[thelistingteammiami]

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.

That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:

“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”

Today’s homeowners are in a much stronger position than ever before. So, let’s break it down and see why today’s mortgage debt isn’t anything to fear.

More Equity, Less Risk of Foreclosures

According to the St. Louis Fed, total homeowner equity is nearly triple the total mortgage debt today (see graph below):

High equity makes it less likely for homeowners to face foreclosure because they have more options. If someone struggles to make their mortgage payments, they could potentially sell their house and still come out ahead thanks to their built-up equity.

Even if home values were to dip, most homeowners would still have a comfortable cushion of equity. That’s a big contrast to the 2008 crisis, where many homeowners were underwater on their mortgages and had few options to avoid foreclosure.

Delinquency Rates Are Still Near Historic Lows

Another reassuring sign is that, according to the NY Fed, the number of mortgage payments that are more than 90 days late is still near historic lows (see graph below):

This is partly due to a variety of programs designed to help homeowners through temporary hardships. As Marina Walsh, VP of Industry Analysis at the Mortgage Bankers Association (MBA), says:

“. . . servicers are helping at-risk homeowners avoid foreclosures through loan workout options that can mitigate temporary distress.”

So, even if someone falls behind on their payments, there are support systems in place to help them avoid foreclosure.

Low Unemployment Helps Keep the Market Stable

One other important factor is today’s low unemployment rate. More people have stable jobs, which means they’re better able to afford their mortgage payments. As Archana Pradhan, Principal Economist at CoreLogic, explains:

“Low unemployment numbers have helped reduce the overall delinquency rate . . .”

During the last housing crisis, unemployment was much higher, which led to a wave of foreclosures. Today’s unemployment rate is very different (see graph below):

That stability in how many people are employed is one of the reasons the market doesn’t have the same risks as it did the last time.

There’s no need to worry about a wave of distressed sales like the one we saw in 2008. Most homeowners today are employed and have low-interest mortgages they can afford, so they’re able to make their payments. As McBride states:

“The bottom line is there will not be a huge wave of distressed sales as happened following the housing bubble.” 

Bottom Line

While mortgage debt is high, rest assured the market isn’t on the brink of another crash. Instead, most homeowners are in a strong position. If you have questions or concerns, let’s connect.

[nexthomeresidential]

CoreLogic: Single-family rent growth drops to four-year low https://www.housingwire.com/articles/corelogic-single-family-rent-growth-four-year-low/

[jackkammertime-blog]

Rates are Flat, Inflation Stubborn but will acquiesce.

ac·qui·esce /ˌakwēˈes/ verb accept something reluctantly but without protest. The data indicates a consistent trend toward lower inflation, as shown by the CoreLogic Rental Index, which has decreased since the last report. However, this decline hasn’t yet been reflected in the latest Consumer Price Index (CPI). If you’re an agent or lender, how do you address this with your clients? What…

[janayugaya]

ඕස්ට්‍රේලියාවේ නිවසක් ගන්න වසර 11ක් මුදල් ඉතිරි කරන්න වෙයි

ජීවන වියදම හමුවේ ඔස්ට්‍රේලියානුවන්ට ඔවුන්ගේ කුලී නිවාස සහ උකස් ආතතිය ත��දුරටත් ඉහළ ගොස් ඇති බව නවතම අධ්‍යනයක දි යළි තහවුරු වී තිබෙනවා. ආර්ථික විශේෂඥයින් පෙන්වා දෙන්නේ 2025 පෙබරවාරි වන තෙක් පොලී අනුපාතිකය පහත වැටීමක් අපේක්ෂා නොකරන බවයි. CoreLogic වාර්තා අනුව වාර්ෂික ආදායම ඩොලර් 101,000 පමණ වන නිවසක එම ආදායමෙන් 33%ක් අනිවාර්යයෙන්ම නිවසේ කුලිය සදහා වැය කිරීමට සිදුවන බවයි වාර්තා වන්නේ. තමන්ගේම…

[avandelay20]

Politicians in Parliament enjoy multiple properties while their constituents struggle to get by in rented cardboard boxes.

"

Shadow Treasurer Angus Taylor had some interesting things to say in his ministerial statement on the economy a little earlier, in reply to Treasurer Jim Chalmers' ministerial statement in the House of Representatives.

He had a section in his speech on housing:

Migration and Housing We see this so clearly in the way Labor has mismanaged our migration program. Australia is a proud migrant nation and we will remain so. But we also need to face the reality.  Labor plans to bring in 1.67 million migrants over five years whilst falling short of its own targets by at least 400,000 homes. To put this into perspective, one person is arriving to live in Australia every 44 seconds. But as the RBA Governor has said we haven’t been building enough housing for our population. Under this Government, building approvals have fallen to their lowest level in over a decade, and commencements dropped 8.8 per cent to just 158,690 new starts in 2023-24. You simply cannot bring in 1.67 million people over five years without any planning for it, without the homes and supporting infrastructure required. This Government’s ‘Big Australia’ policy, which is forcing Australians out of homes, wasn’t something the Australian public voted on or gave a mandate to at or before the last election. Now for so many, the great Australian dream of home ownership has never felt further out of reach.

He says Labor is "planning" to bring in 1.67 million migrants over five years.

That figure comes from the 2024/25 budget papers (Budget Paper No.1 page 53). The numbers come from Treasury and ABS.

The budget papers show an outcome of 528,000 net overseas migration in 2022/23, and forecasts of 395,000 in 2023/24, 260,000 in 2024-25, 255,000 in 2025-26, and 235,000 in 2026/27.

That equals 1,673,000 people over five years.

To say that Labor is "planning" to bring that many people into Australia is the type of word that will be weaponised in the federal election next year.

Under our current migration system, the vast majority of people are coming to Australia on temporary visas, which are uncapped.

They're "demand-driven" visas, meaning if there's demand for people to come to Australia to study, work, or holiday, that demand is being met by Australia offering them a temporary visa. For example, there's a lot of demand from young people overseas to study at Australia's universities.

The federal government's annual budget process takes into account its plan for permanent migration every year.

But it doesn't have an annual plan for temporary migration. And Australia's temporary migration intake is much bigger than its permanent migration intake.

The disappearance of the Australian Dream isn't something that's happened in the last two years. It's been decades in the making through successive generations of Coalition and Labor governments.

"

VOTE. THEM. ALL. OUT.

[ambitiousbroker]

Is Wall Street Really Buying All the Homes?

Home Video Channel Ambitious Blog About Roger Hance Facebook-f Twitter Linkedin Envelope Youtube Tumblr  Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight. But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part: Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors. So, before you get discouraged, let’s take a look at what’s really going on.  

You might be surprised to learn that Wall Street isn’t the competition you may think it is. Most Investors Are Small Mom-and-Pops Most investors aren’t the mega corporations you’ve probably heard about. In fact, many are your neighbors. A recent report from CoreLogic shows most investors are small, mom-and-pop types who own fewer than 10 properties. They aren’t massive companies with endless resources. Picture your neighbor who has another home they’re renting out or a vacation getaway. Only about 1% of the market is owned by large, mega investors with thousands of properties. The majority are still owned by individuals and smaller investors – not the Wall Street giants.  Investor Purchases Are Declining Not only are most investors small, but overall investor purchases have been on the decline. As the same report from CoreLogic says: “Investors made 80,000 purchases in June 2024, compared with 112,000 in June 2023, and a nearly 50% percent drop from the high of 149,000 purchases in June 2021 . . .” And what does this mean going forward? CoreLogic goes on to point out this downward trend is expected to continue into 2025. So, if it seems like competition with investors is pushing you out of the market, it might help to know that investor activity is actually slowing down. Bottom Line The idea that Wall Street is buying up all the homes is largely a myth. Most investors are small ones, and the share of homes purchased by investors is declining – so you can take this one off your worry list. If you have questions about the housing market, let’s talk. Website: https://ambitiousbroker.com/ Get to know Roger Hance – https://rogerhance.com/Ambitious Broker Podcasts - https://rogerhance.com/ambitious-broker-podcast/ Read the full article

[nsrealestate]

Is Wall Street Really Buying All the Homes?

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.

But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:

Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors.

So, before you get discouraged, let’s take a look at what’s really going on. You might be surprised to learn that Wall Street isn’t the competition you may think it is.

Most Investors Are Small Mom-and-Pops

Most investors aren’t the mega corporations you’ve probably heard about. In fact, many are your neighbors. A recent report from CoreLogic shows most investors are small, mom-and-pop types who own fewer than 10 properties. They aren’t massive companies with endless resources. Picture your neighbor who has another home they’re renting out or a vacation getaway.

Only about 1% of the market is owned by large, mega investors with thousands of properties. The majority are still owned by individuals and smaller investors – not the Wall Street giants.

Investor Purchases Are Declining

Not only are most investors small, but overall investor purchases have been on the decline. As the same report from CoreLogic says:

“Investors made 80,000 purchases in June 2024, compared with 112,000 in June 2023, and a nearly 50% percent drop from the high of 149,000 purchases in June 2021 . . .”

And what does this mean going forward? CoreLogic goes on to point out this downward trend is expected to continue into 2025.

So, if it seems like competition with investors is pushing you out of the market, it might help to know that investor activity is actually slowing down.

Bottom Line

The idea that Wall Street is buying up all the homes is largely a myth. Most investors are small ones, and the share of homes purchased by investors is declining – so you can take this one off your worry list.

If you have questions about the housing market, let’s talk. 

[ljgrealestate]

CoreLogic Home Value Index: Australian housing values down -5.3% over 2022 | CoreLogic Australia

https://lindajdebello.wordpress.com/2023/01/03/corelogic-home-value-index-australian-housing-values-down-5-3-over-2022-corelogic-australia/

[orchardlending3]

CoreLogic Australia: No Interest Cuts Yet

No interest cuts yet according to Core Logic Australia. 

Check out our latest updates