By CoreLogic
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The podcast currently has 107 episodes available.
As the U.S. looks ahead to Donald Trump once again taking office in January, the real estate and housing industry is watching closely. Given Trump’s previous term and recent rhetoric on the campaign trail, when the president-elect returns to the White House on January 20, the property market landscape could shift dramatically.
A Trump administration has historically leaned toward deregulation, favoring less federal oversight. This could mean a rollback of initiatives championed by the previous Biden administration and could spell major changes for property professionals, particularly in areas like climate policy, housing affordability, and regulatory reform.
From regulatory rollbacks to bipartisan debates over zoning, host Maiclaire Bolton Smith and Chay Halbert, a principal public policy and industry relations at CoreLogic, discuss the likely rollback of Biden-era climate initiatives, shifts in regulatory scrutiny, and the potential changes surrounding Fannie Mae and Freddie Mac oversight. Halbert also sheds light on potential flood risk management alterations and how these moves could reshape lending and affordability across the country.
Tune in to this episode of Core Conversations hear a comprehensive breakdown of the policy changes that property professionals should watch for as they prepare for what lies ahead.
In This Episode2:24 – What types of housing policies do we expect Donald Trump to favor?
3:50 – Are there any specific changes we can expect around climate policy?
4:58 – Will there be any changes to Biden-era policies?
8:34 – How will the new administration influence interest rates?
10:32 – Affordability is complex, but will the rules around institutional and foreign investment change to help with this?
11:52 – Will there be any international ramifications from these possible policy changes?
13:43 – Erika Stanley does the numbers in the housing market in The Sip.
14:57 – How could federal policy changes affect local jurisdictions?
19:40 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
20:58 – What should property professionals pay attention to in the months leading up to an administration change?
Up Next: How to Solve the US Affordable Housing Crisis
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
From soaring mortgage rates to climate risks, the economic landscape of buying a home is filled with uncertainties that could terrify even the most seasoned investor.
Whether it’s government policies or technological innovations, there are a wide variety of external factors that wield immense influence over the trajectory of the property market. As investors, homeowners, and property professionals alike grapple with these challenges, understanding the impact of demographic shifts, natural catastrophes, and economic fluctuations becomes paramount.
The scarcity of housing supply, coupled with investor competition, reflects critical socioeconomic trends affecting communities across the U.S. Meanwhile, the existential threat of climate risks underscores the urgency of integrating sustainability into real estate strategies.
In this episode of Core Conversations, host Maiclaire Bolton Smith sits down with senior principal economist Molly Boesel to discuss where the market pressures are and what these influences mean for the property market at large.
In This Episode:1:45 –Mortgage Interest Rates
3:55 – Rising debt-to-Income Ratio
5:49 – Downpayments
9:36 – Competition with Investors
12:53 – Rental Rates
15:03 – Erika Stanley does the numbers in the housing market in The Sip.
16:16 – Lack of Inventory
18:31 – Climate Change
20:51 – Insurance
22:17 – Taxes
27:33 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
Up Next: Debunked! Top Three Housing Myths Dispelled
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
In recent years, cybercrime has surged across nearly every industry, with real estate emerging as a prime target for hackers. The shift toward digital transactions, coupled with the sensitive nature of real estate data, has made the sector a lucrative focus for cybercriminals.
From wire fraud to data breaches, the threats are evolving, posing significant risks to real estate agents, brokers, title companies, and even buyers and sellers.
Among the most pervasive issues is social engineering. These attacks often exploit the fast-paced, high-stress nature of real estate transactions, making them especially dangerous as buyers and sellers scramble to meet deadlines. The consequences? Anything from financial losses and operational shutdowns to irreparable reputational damage.
In this episode of Core Conversations, we dive deep into the cybersecurity challenges facing the real estate industry. Interim Chief Information Security Officer Rob Tennant, and Rob Love, a principal in advisory services product management, share their expert insights on the growing risks and explain why cybersecurity has become such a hot button issue in the property industry. They explore the rise of real estate wire fraud, discuss the vulnerabilities of agents and brokers in handling sensitive data, and offer tips on preventing cyberattacks from derailing transactions.
In This Episode:2:28 – Why is the property industry such an appealing target for cybercrime?
3:46 – What are the impacts on the real estate industry from cybercrime? What are the impacts of losing personal data specifically?
6:44 – Where are the bad actors coming from?
9:19 – Are there unique differences between cybercrime in residential real estate and commercial real estate?
11:04 – Why is data security important for individual real estate agents?
14:21 – Are there also vulnerabilities in mortgage and insurance too?
17:16 – Erika Stanley does the numbers in the housing market in The Sip.
18:36 – How do cybersecurity breaches happen?
21:52 – What are things to look out for to prevent wire fraud in real estate transactions?
24:33 – How can someone plan to combat systemic cybersecurity risk?
26:31 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
27:27 – What does the future look like for cybersecurity risk?
Up Next: How Could Gig Work and Automation Lead to More Mortgage Fraud?
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
Over the next few years, it's estimated that nearly a trillion dollars will be spent on data centers, semiconductors, and power grid upgrades. And this is all just to meet the growing computational needs of AI technologies. In fact, industry estimates suggest that global data center capacity could double by 2030, but this growth is far from straightforward.
As AI technologies like generative AI continue to expand, the infrastructure needed to support them is growing at an unprecedented rate. However, data centers cannot just be built anywhere. Placement of new data centers isn’t just about finding enough land — it’s about balancing proximity to power plants, high-capacity transmission lines, and broadband infrastructure, while also considering environmental factors.
Location intelligence plays a pivotal role in this expansion.
In this episode of Core Conversations, host Maiclaire Bolton Smith and Joe Francica, Principal Product Manager in CoreLogic’s Location Intelligence Group discuss how geospatial tools can help mitigate some of these risks by identifying locations that are less vulnerable to natural hazards while also balancing the need for power and broadband access. As AI continues to evolve and the demand for data centers grows, having access to detailed geospatial data will give companies a strategic advantage in making informed, forward-looking decisions.
In This Episode:2:11 – How much data center capacity will AI technologies (and their power consumption) require?
4:49 – Why is AI consuming so much energy?
8:55 – Which energy sources are data centers using and where are they generally located?
9:31 – How does the availability of broadband play into the equation?
10:40 – How does climate resilience come into play when looking for optimal locations of data centers?
13:04 – how is proximity to an electrical grid or transmission facility part of the equation?
14:29 – Erika Stanley does the numbers in the housing market in The Sip.
15:40 – How are all the variables for optimum data center placement weighted. Is there a hierarchy of importance?
16:42 – Where is the optimal place in the U.S. for data centers?
20:05 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
20:59 – Where is AI is going to take us in terms of the demand for the data centers, and what do companies that are trying to get ahead of the curve need to think about?
Up Next: What Makes Geospatial Data Unique for Expanding Telco Infrastructure?
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
Affordability remains a persistent challenge in the U.S. housing market. With increasing concerns over housing costs, particularly post-pandemic, the affordability crisis has grown to affect millions of households across the country.
With nearly one-third of American households now considered cost burdened, the crisis has reached national prominence, even making its way into recent presidential addresses.
In this episode of Core Conversations, CoreLogic Senior Vice President of Public Policy and Industry Relations, Pete Carroll discusses key factors behind this, including income inequality, the undersupply of housing, and outdated zoning laws.
Carroll also touches on potential solutions like light-touch density, alternative housing types like townhomes and tiny homes, and the role of government land and subsidies in addressing the crisis.
Whether you’re a homebuyer, policymaker, or industry professional, this episode unpacks the realities behind America's housing affordability crisis and discusses what it will take to find lasting solutions.
In This Episode:2:18 – What exactly is the definition of “affordability” and how big of an issue is it across the U.S.?
5:06 – Do certain areas of the country or particular populations have a more pronounced affordability problem?
6:26 – How did we get into this affordability crisis?
10:13 – Are homebuyers even looking for single-family homes? Are starter homes at the crux of the affordability issue?
11:28 – What are the opportunities to lessen the burden of homeownership?
14:41 – Erika Stanley does the numbers in the housing market in The Sip.
16:27 – How does zoning affect affordability?
20:27 – How do building codes affect affordability?
23:31 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
24:08 – What are the first steps to “curing” the affordability crisis in the U.S.?
Up Next: What Is the Affordable Housing Crisis?
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
As cities across the country grapple with the rise of platforms like Airbnb and VRBO, the implications for the property industry are becoming more complex. How do you accurately value a property that doubles as a business? What happens when local regulations change?
Despite the lingering questions in the industry, the rising demand for vacation homes and the allure of short-term rental platforms have carved out a significant niche in the market.
However, their increasing popularity brings new challenges, particularly for appraisers, lenders, and underwriters who must navigate the complexities of valuing these unique assets.
As housing affordability concerns grow and the U.S. faces a persistent housing shortage, some communities are clamping down on short-term rentals and imposing stricter regulations. Yet, despite these restrictions, short-term rentals are far from disappearing. Instead, they’re evolving, requiring a fresh approach to property valuation that considers not just the physical attributes of a home, but its potential as a revenue-generating business.
In This Episode:2:19 – Why are short-term rentals (STR) currently a hot topic in the appraiser industry?
3:38 – Why does the business aspect of an STR make it unique for valuation?
8:34 – What happens when an owner-occupied property is turned into a STR? Does the valuation change?
10:00 – Can any appraiser value an STR?
12:52 – How do 1007 forms apply to STRs?
16:08 – Erika Stanley does the numbers in the housing market in The Sip.
17:28 – What happens if a homeowners association steps in and determines that STRs are no longer allowed?
20:01 – What does the process of getting a loan on a STR look like?
22:45 – Where are things headed for appraisers looking to value STRs?
25:32 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
Up Next: Appraising PropTech Innovation: Do Short-Term Changes Have Long-Term Effects?
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
Extreme heat doesn’t just challenge our physical endurance; it has a ripple effect on nearly every aspect of our lives.
From contributing to the intensification of natural disasters like hurricanes and wildfires to affecting property values, insurance risks, and even migration patterns, rising temperatures are worth paying attention to.
As natural disasters continue to accelerate in pace and intensity, it’s becoming clear that both homeowners and businesses must adapt to a new normal—one where extreme heat and its related perils are key considerations in every decision.
In this conversation, host Maiclaire Bolton Smith talks to CoreLogic's Chief Scientist, Dr. Howard Botts to discuss how extreme heat is reshaping the property landscape. The conversation touches on the evolving risks that both homeowners and insurers must navigate as well as how extreme heat is affecting business considerations.
As the conversation explores these challenges, the pair also looks at how communities and businesses are beginning to adapt, using new technologies and strategies to build resilience against a hotter future.
In This Episode:2:08 – What is extreme heat, scientifically speaking?
5:10 – What are the impacts of extreme heat from a property perspective?
7:12 – How many U.S. properties are exposed to extreme heat and what is the value of those exposed properties?
10:03 – Erika Stanley does the numbers in the housing market in The Sip.
11:27 – How will additional days of extreme heat make natural disaster events worse?
15:53 – What are the knock-on effects of accelerating natural disasters on climate change?
19:22 – Do businesses have extreme heat on the radar as a peril that affects bottom lines?
21:03 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
22:51 – How will extreme heat affect land-use planning and climate resiliency?
Up Next: The Most Climate-Resilient Places to Live in the US According to Data Science
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
Have you ever wondered what happens to communities when climate change forces people to move?
The economic and social ramifications are both complex and far-reaching. From community fragmentation to insurers potentially refusing coverage in high-risk areas, there are profound consequences stemming from not adapting to a climate in which natural disasters are accelerating.
Dr. Kaitlin Raimi, an associate professor of public policy at the University of Michigan, has researched the multifaceted nature of climate migration, and in this episode of Core Conversations, she sits down with host Maiclaire Bolton Smith to examine how regions like the Rust Belt might emerge as new havens for climate migrants and what measures communities can adopt to enhance their resilience. Dr. Raimi and Maiclaire also discuss the potential for policies to help communities adapt and support their residents in the face of climate change.
In this episode, explore how Americans view climate migrants, how policies could become a crucial factor influencing climate migration, and what the broader impacts of migration may mean for American society and the economy.
In This Episode:1:38 – What is climate migration and where do migrants typically originate from?
3:32 – How is the U.S. public reacting to major natural disasters and how are these disasters influencing migration patterns?
5:06 – Will it require insurers to cease writing new policies to raise awareness about the impact of accelerating natural disasters?
8:30 – How are U.S. communities perceiving the influx of migrants from wildfire-prone or hurricane-prone states?
10:38 – Why are the Rust Belt states gaining attention as a climate haven?
12:53 – Erika Stanley goes over the numbers in the housing market in The Sip.
13:50 – What are some adaptability measure that are available to keep people in their communities?
18:59 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
20:27 – What is the future of climate change migration and what ripple effects will this have at the national level?
Up Next: University of Miami Researcher Weighs in on Key 2024 Hurricanes Season Trends
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
Ever wondered how a hurricane might impact the financial sector, or why granular data on property locations is essential? Curious about how these findings might influence future governmental policies and corporate risk management strategies?
The Federal Reserve Board (FRB) was too. This year, the FRB asked six major U.S. banks to scrutinize their resilience to physical climate risks. This pilot study aimed to understand the financial stability of the mortgage loan ecosystem in the face of accelerating climate risk, and the results revealed significant data gaps and reliability issues that banks need to address.
The identification of these gaps underscores the need for detailed, data-driven understanding when measuring the evolving impact of climate risk.
To discuss the link between understanding climate risk and financial stability, Kent David, Director of Hazard Science and Analytics Consulting, and George Gallagher, Director of Climate Risk and Natural Hazard Solutions join Core Conversations host Maiclaire Bolton Smith.
In this episode, the trio discusses how the banks approached climate risk, the challenges of integrating granular data, and the critical importance of understanding insurance market dynamics in this context.
In This Episode:2:08 – Why is the Federal Reserve Board (FRB) looking at the intersection between climate risk modeling and enterprise risk management?
5:09 – What exactly did the FRB find in their pilot study?
8:15 – Erika Stanley goes over the numbers in the housing market in The Sip.
9:23 – The FRB study found that there was limited data and limited reliability in model output. What does that mean?
13:40 – How will more granular data help improve models? And what exactly qualifies as quality granular data?
16:45 – Why can’t historical climate patterns be used for forecasting models?
18:27 – What are some of these consequences that the different industries might be facing in the wake of accelerating climate risk?
21:58 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
22:35 – Is it possible to anticipate what may happen long-term with the climate and how it will affect business operations?
Up Next: SEC Climate Disclosure Guidance Timeline Pause: Why Companies Benefit
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
As the 2024 Atlantic hurricane season approaches, the climate signals are anything but typical. The transition from El Niño to La Niña and unprecedented sea surface temperatures in the Atlantic have meteorologists and communities paying close attention to the potential severity and frequency of this year's hurricane potential.
Warmer ocean temperatures can fuel more intense hurricanes that cause widespread destruction, including severe flooding and wind damage, as well as long-term economic and social disruptions. With coastal populations growing, the consequences of a major hurricane can be catastrophic. The combination of this season’s meteorological patterns and growth along the Gulf Coast underscores the need for proactive planning and resilience.
In this episode, Brian McNoldy, a senior research associate at the University of Miami's Rosenstiel School of Marine, Atmospheric, and Earth Science talks to podcast host Maiclaire Bolton Smith to explore the implications of current climate conditions and how they might influence hurricane activity for the 2024 season. The discussion will also include an exploration of how communities should prepare for a hurricane season that is expected to be quite active.
In This Episode:1:55 – What can we expect from the 2024 hurricane season?
3:33 – To what degree do the current metrological phenomena make this season unprecedented?
6:56 – Why didn’t ocean temperatures result in an extreme hurricane season in 2023?
9:17 – Why doesn’t a major hurricane year always equate to a large loss year for insurance?
11:08 – Erika Stanley goes over the numbers in the housing market in The Sip.
12:28 – What does sea level rise mean for hurricane season?
15:06 – Is there still room for the National Hurricane Center to reduce incertitude in its cone of uncertainty models?
19:33 – How do hurricane models differ and how can they be interpreted for different uses?
23:12 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
23:58 – Where can you find more of Brian McNoldy’s research?
Up Next: Building Codes Cost. But What is Resiliency Actually Worth?
Links:
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic
The podcast currently has 107 episodes available.
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