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Whenever a recession
would hit, housing
will be in good
shape to weather a
downturn. Unlike
the last recession,
homeowners are
in a good position.
Eight-plus years of
increasing home prices
have resulted in record
amounts of home
equity.
as QM loans. While January 2021 might
seem like a long way away, policy makers are
discussing the patch and CoreLogic has been
studying the impacts of the QM patch and the
size of this market.
WHAT ARE SOME WAYS AFFORDABILITY IS
BEING HINDERED OR HELPED? Rapidly rising
home prices, especially of lower-priced homes,
has made homes unaffordable for many would-
be buyers. However, while home prices have
continued to increase, the rate of increase has
slowed sharply. If you add to that the recent
decrease in mortgage interest rates, you end up
with lower mortgage payments. Payments on
loans made starting this spring are lower than
they were a year ago.
WHAT DOES YOUR DAY-TO-DAY LOOK LIKE AT
CORELOGIC? On most days, I am looking over
research and data releases put out by the Office
of the Chief Economist. Each of the data
releases is accompanied by a blog, and there
are always interview requests. Besides the data
releases, I like to take a deeper dive into the
CoreLogic property records to evaluate data
quality and to find new trends. Finally, I don't
want to forget about the great team we have in
the Office of the Chief Economist. Typically,
you can find us sharing research results and
talking over current events while we take lunch
in the breakroom of our newly redesigned
Vienna, Virginia, office.
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providing default servicing professionals with news
and content focused on their industry.
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