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What Will a Second Trump Presidency Mean for U.S. Housing? Nov 13, 2024

Show notes

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 Episode

2:24 – 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

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Nightmare on Main Street: Unpacking 10 Scary Housing Trends Oct 30, 2024

Show notes

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

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What Makes Geospatial Data Unique to Expand Telco Infrastructure? Mar 20, 2024

Show notes

In the telecommunications industry, navigating infrastructure investments to draft a road map for 5G success is a complex but necessary undertaking. Success requires both location intelligence and geospatial data.

As the needs for 5G infrastructure increase in parallel with the demand for connectivity for everything from core networks to self-driving cars and wearable devices, it’s imperative to not only understand how much connectivity to provide today but also where it will be needed tomorrow.

From respecting regulatory compliance to pinpointing growth hot spots, host Maiclaire Bolton Smith and guest Joe Francica, a principal on the location intelligence product team, discuss how infrastructure planners in the telco industry can get ahead in the race for connectivity supremacy.

In This Episode

2:11 – What is the difference between location intelligence and geospatial data, and how dramatically can the data points influence infrastructure project placement?
4:55 – How can the infrastructure required for the expansion of 5G networks rely on location intelligence?
8:55 – Are there any particular regions seeing especially high demand for bandwidth?
11:02 – Erika Stanley does the numbers in the housing market in The Sip.
12:59 – What is the first step to define a target area for 5G infrastructure expansion?
14:36 – Compliance and regulation considerations are woven into the telecommunications industry, how can location intelligent data help ensure compliance?
17:18 – Why is rural 5G infrastructure a big deal?
18: 02 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.

Links:

Up Next: Which U.S. Metros Sit in the Crosshairs of Remote Work Migration?

How Will Climate Change Influence Wildfires in the US? Oct 04, 2023

Show notes

Wildfires are an annual occurrence in many areas of the U.S. However, as our climate changes, fires are beginning to ignite in areas that are traditionally at low risk. Just look at the Hawaiian island of Maui.

Despite the increasing number of regions experiencing wildfires, only about 9% of U.S. properties meet the threshold for high or extreme wildfire risk. So how exactly is this risk measured and what role can mitigation play in reducing this natural danger?

In this episode host Maiclaire Bolton Smith sits down with CoreLogic Chief Actuary Howard Kunst to talk about this subject. The two will discuss the wildfire season with a focus on California — one of the most high-profile, wildfire-burdened states in the country — and how the historic rainfall from earlier this year will influence upcoming wildfire risk.

In This Episode:

1:25 – California had one of the wettest winters on record last year. How has that changed wildfire risk in the state? Hint: It didn’t necessarily improve things.

4:08 – Why is awareness of wildfires important for mitigation and how do we create awareness in low-risk areas?

6:07 – Is climate change really making wildfires worse?

7:30 – Erika Stanley talks about extreme weather events in the Natural Disaster Digest.

Links:

Up Next: Does Low Wildfire Risk Create a False Sense of Security?

Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt

Why Are Automated Mortgages Real Estate Technology's Future? Jul 26, 2023

Show notes

The last several years have been volatile for the property market. However, as the market is slowing, that is freeing up space for lenders to consider their back-of-house processes and rehabilitate them to accommodate the demands of modern consumers. Largely, that means automating and digitizing processes. Think automated underwriting of the borrower and the property, think about a fully digital experience to close alone.

And this is really where the future lies for the mortgage industry.

By separating out run-of-the mill applications to accelerate their processing, lenders are freed up to address the more complex cases that may require counseling or human expertise to fulfil the requirements and close the process.

In this episode of Core Conversations, host Maiclaire Bolton Smith sits down with Praveen Chandramohan, an executive in origination solutions at CoreLogic to discuss why improving the mortgage workflow through technology is an essential next step for the industry.

In This Episode:

3:40 – The etymology of the word “mortgage” and why homeownership will remain the American dream.
6:15 – Why the mortgage industry is decades behind in technological advancements and what can be done.
8:15 – What are the key areas lenders can focus on to improve customer retention and acquisition?
12:32 – How the U.S. mortgage market is unique and what that means for both borrowers and lenders.
17:15 – The future of the mortgage industry lies in accelerating processing speeds.

Links: Learn about CLIP (CoreLogic Integrated Property number)

Up Next: Modernizing Loan Origination Workflows: A Shortcut Through the Mortgage Maze

Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt

Why Climate Change Should Take More Real Estate in Industry Conversations Sep 07, 2022

Show notes

As a provider of data-driven insurance solutions, CoreLogic knows that damages from extreme weather events are stressful and expensive for everyone involved.

While repairing catastrophic property damage has never been simple, it is no secret that the magnitude — and the costs — of these events is expanding due to climate change. To ensure that owners can recover from these devastating natural catastrophes, the insurance industry requires the participation of insurers, reinsurers and sovereign governments. However, there is another segment of people who are invested in the outcomes of climate change: those who are involved with the insurance-linked securities (ILS) market.

To learn more about how the ILS market is intended to support the compensation of economic losses that result from extreme weather events, Host Maiclaire Bolton Smith sits down with Kent David, a senior leader in analytics consulting at CoreLogic to answer some questions such as what are these securities? How do catastrophe bonds work? And how are investors hedging their bets against climate change by investing in this market?

18 Months Later, How is COVID-19 Affecting the Housing Economy? Sep 08, 2021

Show notes

It’s been over a year since the beginning of the pandemic, and in that time, much has changed in the world of property. Home prices, rent prices and construction costs have skyrocketed, and housing inventory has only been getting slimmer.

Host Maiclaire Bolton Smith sits down with Chief Economist Dr. Frank Nothaft to get a status update on the situation. When will home prices come down? What will happen when the forbearance moratorium ends, and what’s in store in 2022?

How Is Climate Change Affecting Real Estate? Aug 25, 2021

Show notes

When we think about climate change, we often think of its impact on life as a whole, and the lifestyle changes that will occur from rising temperatures and sea levels to solar panels and electric cars. But one of the most profound areas, a changing climate can impact is our homes.

Host Maiclaire Bolton Smith sits down with Chief Scientist Dr. Howard Botts to ask the questions on everyone's mind: Will our dream beach home be underwater in the next century? Will the reclaimed land of Louisiana disappear into the Gulf? And how will we grapple with the cost, both human and financial, of major disasters to come?

How Do We Prepare for 2021's Wildfires? Dec 09, 2020

Show notes

The amount of wildfire activity in 2020 can seem overwhelming, ranking among the most devastating years in recent memory.

Core Conversations host and California resident Maiclaire Bolton Smith sits down with wildfire scientist Dr. Tom Jeffery to unpack what all has happened, why this year was so bad, and what we can do to prepare for the future.

Welcome to Core Conversations Oct 13, 2020

Show notes

CoreLogic introduces a new podcast: Core Conversations, hosted by Maiclaire Bolton Smith. This series explores timely insights and in-depth conversations with experts to keep a finger on the pulse of the global housing economy.

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