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Insights From CoreLogic Chief Economist Selma Hepp on the Housing Market, Affordability Challenges | February 2025 Data
Welcome to this month’s episode of the Market Advantage podcast by Optimal Blue. Director of Data Solutions Brennan O’Connell shares highlights from February 2025 mortgage rate lock data. He and his cohost Olivia DeLancey then welcome their guest, CoreLogic Chief Economist Selma Hepp, to discuss the housing market, affordability outlooks, and more.
Key Takeaways:
- Significant jump in refinances: February saw a 40% surge in refi activity attributed to an improving rate environment, indicating potential opportunities for lenders in this segment.
- Affordability challenges: Despite some pockets of improvement, the overall housing market continues to lag, with first-time home buyers facing significant affordability challenges due to rising insurance costs and property taxes.
- Migration patterns: Emerging trends indicate a potential slowdown in migration patterns, as individuals reassess their housing decisions in light of evolving workplace dynamics and climate risks.
- Hazard risk scoring: CoreLogic’s innovative hazard risk scoring for properties allows for a comprehensive assessment of climate and insurance risk.
Links and Resources:
- Subscribe to the Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- View the latest Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- Follow Optimal Blue on LinkedIn: https://www.linkedin.com/company/optimal-blue/
- Subscribe to Optimal Blue’s YouTube channel: https://www.youtube.com/@Optimal-Blue
- Follow Selma Hepp on LinkedIn: https://www.linkedin.com/in/selma-hepp-phd-11b0773a/
- Visit the CoreLogic website: https://www.corelogic.com/
- Follow Brennan O’Connell on LinkedIn: https://www.linkedin.com/in/brennan-oconnell/
- Follow Olivia DeLancey on LinkedIn: https://www.linkedin.com/in/olivia-delancey/
Mentioned in this episode:
Capture for Originators
Reengage Past Clients Without the Spreadsheet Headache
Tired of manually hunting for refinance opportunities? Capture for Originators does the heavy lifting for you. It automatically scans your closed loan portfolio and flags recapture opportunities – no spreadsheets, no manual work. Just actionable recapture opportunities delivered straight to you.
Learn more: https://www2.optimalblue.com/optimal-blue-launches-new-lead-generation-tool-for-originators or reach out to your Optimal Blue Client service representative for more information.
Market Advantage – Newly Enhanced With New Originator and Secondary Markets Data Points
Smarter Lending Starts with Smarter Data
The newly enhanced Market Advantage report from Optimal Blue delivers unmatched insights across both origination and secondary markets, including property type, debt-to-income ratio, first-time homebuyer status, servicing rights, market rate indices, and investor count at loan sale.
📊 Get the data from the engine that powers your profitability. https://engage.optimalblue.com/market-advantage
View all episodes
By Optimal BlueWelcome to this month’s episode of the Market Advantage podcast by Optimal Blue. Director of Data Solutions Brennan O’Connell shares highlights from February 2025 mortgage rate lock data. He and his cohost Olivia DeLancey then welcome their guest, CoreLogic Chief Economist Selma Hepp, to discuss the housing market, affordability outlooks, and more.
Key Takeaways:
- Significant jump in refinances: February saw a 40% surge in refi activity attributed to an improving rate environment, indicating potential opportunities for lenders in this segment.
- Affordability challenges: Despite some pockets of improvement, the overall housing market continues to lag, with first-time home buyers facing significant affordability challenges due to rising insurance costs and property taxes.
- Migration patterns: Emerging trends indicate a potential slowdown in migration patterns, as individuals reassess their housing decisions in light of evolving workplace dynamics and climate risks.
- Hazard risk scoring: CoreLogic’s innovative hazard risk scoring for properties allows for a comprehensive assessment of climate and insurance risk.
Links and Resources:
- Subscribe to the Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- View the latest Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- Follow Optimal Blue on LinkedIn: https://www.linkedin.com/company/optimal-blue/
- Subscribe to Optimal Blue’s YouTube channel: https://www.youtube.com/@Optimal-Blue
- Follow Selma Hepp on LinkedIn: https://www.linkedin.com/in/selma-hepp-phd-11b0773a/
- Visit the CoreLogic website: https://www.corelogic.com/
- Follow Brennan O’Connell on LinkedIn: https://www.linkedin.com/in/brennan-oconnell/
- Follow Olivia DeLancey on LinkedIn: https://www.linkedin.com/in/olivia-delancey/
Mentioned in this episode:
Capture for Originators
Reengage Past Clients Without the Spreadsheet Headache
Tired of manually hunting for refinance opportunities? Capture for Originators does the heavy lifting for you. It automatically scans your closed loan portfolio and flags recapture opportunities – no spreadsheets, no manual work. Just actionable recapture opportunities delivered straight to you.
Learn more: https://www2.optimalblue.com/optimal-blue-launches-new-lead-generation-tool-for-originators or reach out to your Optimal Blue Client service representative for more information.
Market Advantage – Newly Enhanced With New Originator and Secondary Markets Data Points
Smarter Lending Starts with Smarter Data
The newly enhanced Market Advantage report from Optimal Blue delivers unmatched insights across both origination and secondary markets, including property type, debt-to-income ratio, first-time homebuyer status, servicing rights, market rate indices, and investor count at loan sale.
📊 Get the data from the engine that powers your profitability. https://engage.optimalblue.com/market-advantage