CoreLogic’s Selma Hepp’s Forecast for the 2024 Housing Market
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Selma Hepp, Chief Economist at CoreLogic, to get her take on what’s happening in the housing economy. Selma shares CoreLogic’s forecast for 2024 home prices and mortgage rates, talks about the biggest surprises from 2023, and offers insights into how they hit the mark on their 2023 forecast when everyone else was expecting prices to fall. She also discusses CoreLogic’s new Climate Risk Analysis platform and the growing impact of insurance costs in risky states.
Here’s a glimpse of what you’ll learn:
- CoreLogic’s 2024 home price & mortgage rate forecast
- Why their 2023 forecast for slight home price appreciation was so unusual at the time, and yet it turned out to be precisely correct
- Other big housing market surprises from 2023
- Her biggest takeaways for 2024, including how much the mortgage market will rebound this year and why
- The surprising strength in refis in 2024
- Her take on the most important trends in housing policy for 2024
- What she’s worried about macro-economically and with housing in particular over the near future
- Why Phoenix and Las Vegas outperformed Austin last year – even when all were big boom markets during the pandemic
- Key findings from CoreLogic’s Quarterly investor report
- CoreLogic’s new Climate Risk Analysis platform and the growing impact of insurance costs in risky states.
Related to this episode:
The Top of Mind Podcast is produced by Altos Research. Each week, Altos tracks every home for sale in the country – all the pricing, and all the changes in pricing – and synthesizes those analytics to make them available before becoming visible through traditional channels.
