))
Insights From CoreLogic Chief Economist Selma Hepp on the Housing Market, Affordability Challenges | February 2025 Data
Manage episode 470772136 series 3602762
Content provided by Optimal Blue. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Blue or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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:
Innovation That Delivers For Your Bottom Line – Optimal Blue
At Optimal Blue, we’re continuing to raise the bar for mortgage technology. We’re delivering innovation that solves real-world challenges and drives measurable results. From AI-powered insights with Ask Obi, to smarter automation in the Optimal Blue PPE, to a more connected ecosystem through the Comergence Solution Center, our latest advancements are designed to empower lenders, investors, and partners to work smarter, faster, and more efficiently. These innovations reflect our ongoing commitment to helping our clients navigate complexity, maximize profitability, and stay ahead in a rapidly evolving market. Innovation that delivers for your bottom line. Learn more at OptimalBlue.com
11 episodes
Share
