Core Conversations
CoreLogic
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Get in the know about real estate housing market trends, affordability, severe weather risk and climate change, as well as how that all ties into promoting thriving communities. Hosted by Maiclaire Bolton Smith, Vice President of Hazard and Risk Management at CoreLogic, tune in for timely insights and in-depth conversations with experts to keep a finger on the pulse of the global housing economy.
Available episodes
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6 days ago
How to (Accurately) Use Data Science to Forecast the Riskiest US Areas to Live Amid Climate Change
Natural catastrophes have long been of concern to the housing and property markets. However, as these events increase in severity and frequency, climate change data science is projecting that not all areas of the U.S. will be equally exposed to these risks in the future.
Despite the popularity of some migration destinations with Americans, data analysis indicates that, depending on how dramatically current climate patterns change, many of these locations may not be ideal choices for property investment in the future.
In this episode, host Maiclaire Bolton Smith sits down with CoreLogic Chief Scientist Howard Botts to discuss the riskiest places to live in the U.S. for natural disasters.
In This Episode:
* 3:08 – The climate has always been changing, so what is going on now that makes it so imperative to analyze and forecast natural hazard risk?
* 6:16 – The IPCC’s new report. What is it and how does it change the game for predicting the future?
* 7:34 – So where are the riskiest places to live in the U.S. as climate change influences natural disasters?
* 10:28 – Our Facts Guru Erika Stanley goes over the numbers in the housing market.
* 11:49 – Is California really going to break off and float away?
Up Next: Listen to our team talk about what it was really like to live through the historic California floods this past winter.
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt
Learn More:
AR6 Synthesis Report: Climate Change 2023 — IPCC
Seven of 10 Riskiest US Climate Locations Are Appreciating Faster than National Rate
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May 10, 2023
Has the Economy Locked in US Housing Market Price Stagnation? | Part 2 | Two
As annual home price growth reached its lowest level in more than a decade, all eyes are on the housing market as a bellwether for the larger economy.
In Part 2 of this episode, host Maiclaire Bolton Smith sits down with CoreLogic Principal Economist Molly Boesel to discuss what is really happening in the housing market and what low inventories, high interest rates and lack of upcoming supply mean for real estate.
Up Next: Listen to Molly Boesel talk about myths in the housing market on Core Conversations.
In This Episode:
* 0:37 - How closely are people tracking interest rates? Is it worth doing so?
* 2:26 – Is this a brave new world full of high interest rates for first-time homebuyers?
* 6:27 – Why is inventory in the housing market still so low?
* 9:00 – Construction and labor costs are transforming starter homes into luxury purchases.
* 12:08 – The Natural Disaster Digest: Learn about global natural catastrophes’ effect on real estate
* 13:10 – What does the future hold for the property and housing market?
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt
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May 3, 2023
Has the Economy Locked in US Housing Market Price Stagnation?
The real estate market is one of the largest asset classes in the world. So, when economics shift in the sector, the larger economy feels the ripple effects. Recently, interest rates have been the highest in decades, home prices have seen the lowest recorded rise since 2019 and nearly 60% of homes sold below list price in March 2023. However, zooming out and looking at the bigger picture reveals that some of these trends shouldn’t be as surprising as they seem, and, maybe, they were even predictable.
In this episode, host Maiclaire Bolton Smith sits down with CoreLogic Principal Economist Molly Boesel to discuss what is really happening in the housing market and what that means for first-time homebuyers, repeat homebuyers, investors and banks.
Up Next: Listen to Molly Boesel talk about myths in the housing market on Core Conversations.
In This Episode:
* 2:04 – Has the market slowdown been as bad as economists predicted?
* 5:35 – Interest rates, inflation and home prices: how intertwined is that relationship?
* 7:22 – Get the numbers in the housing market. Erika Stanley hosts The Sip.
* 9:25 – 30-year, fixed-rate mortgages vs adjustable rate mortgages. What is your best bet?
* 13:37 – How closely are people tracking interest rates? Is it worth doing so?
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Apr 19, 2023
Post-Ian Florida: Did the Insurance Market Sink or Swim? Inside Scoop from Industry Experts | Part Two | 2
In Part 2 of this episode, host Maiclaire Bolton-Smith continues the conversation with CoreLogic’s Senior Catastrophe Response Manager Jon Schneyer to explore the ongoing impact of Hurricane Ian on Florida’s insurance and reinsurance industries.
In this installment, the two will talk about what the CoreLogic team actually saw when they went to southwestern Florida to observe the hurricane damage and how this helps improve models that can better secure the future of homeowners and insurers that increasingly face natural hazard events due to climate change.
In This Episode:
* 0:57 – Does storm surge, wind or flood account for the majority of uninsured loss from Hurricane Ian?
* 3:43 – How does damage from Hurricane Ian compare to other historic storms?
* 4:55 – CoreLogic went on a reconnaissance mission to southwestern Florida to survey the damage.
* 8:52 – How did the team’s observations feed into estimated loss valuation models?
* 11:06 – What can we anticipate for the 2023 hurricane season?
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Apr 12, 2023
Post-Ian Florida: Did the Insurance Market Sink or Swim? Inside Scoop from Industry Experts
In Part 1 of this episode, host Maiclaire Bolton-Smith sits down with CoreLogic's Senior Catastrophe Response Manager Jon Schneyer to discuss the aftermath of Hurricane Ian’s impact on the Florida coast six months later. The catastrophe impacted a state where the insurance market was already stressed, and now the government, homeowners and insurers are working to reorient themselves and build a stable environment in an area that increasingly faces natural hazard events due to climate change.
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZtIn This Episode:
* 2:47 – Meet Erika Stanley, our new Facts Guru
* 3:30 – So why was Hurricane Ian so devastating?
* 5:26 – Let’s talk about the Florida insurance landscape and how Hurricane Ian will affect things
* 7:00 – How has the Florida Legislature worked to help the insurance industry recover?
* 10:20 – The Sip: The numbers you need to know in the property market
* 11:25 – Will Hurricane Ian make waves in the reinsurance market?
* 13:34 – Will this storm affect the National Flood Insurance Program (NFIP)?
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Mar 29, 2023
What Was it Really Like to Live Through the California Floods? Our Team Spills | Part 2 | 2
In Part 2 of this episode, host Maiclaire Bolton-Smith continues the conversation with Kent David, a senior leader in analytics consulting, and Tom Larsen, an expert in catastrophe risk management and insurance solutions, to talk about the atmospheric rivers, bomb cyclones and snow that have made headlines and again put California’s natural hazard risks in the spotlight.
Get insights into the state’s wildfire risk, the consequences on reservoir capacity and the future impacts of the current snowpack while also learning a few choice colloquialisms from our guests.
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt
In This Episode:
2:02 – It snowed in California – a lot. But what happens when that snow melts?
5:55 – How much reservoir capacity is available in California to absorb the snowpack?
8:15 – Meteorologists modeled a dry winter. What happened?
10:37 – Do these winter storms change California’s wildfire risk?
12:44 – Katy, bar the door! Climate change will change flood insurance.
19:39 – Visit us in New Orleans, Louisiana!
20:15 – Mitigation is only the first step to becoming resilient.
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Mar 22, 2023
What Was it Really Like to Live Through the California Floods? Our Team Spills
The Golden State has endured months of inundations from atmospheric rivers and bomb cyclones. As a result, the news is awash with images of submerged streets and mudslides, replacing our collective imagination of California as a state perennially filled with sunny beaches and golden hills. But not everyone in the state has had the same experience with this weird weather.
In Part 1 of this episode, host Maiclaire Bolton-Smith sits down with Kent David, a senior leader in analytics consulting, and Tom Larsen, an expert in catastrophe risk management and insurance solutions, to discuss what it has really been like to live through the continuous rain that has made headlines in California since these atmospheric rivers began at the start of the year.
Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt
In this episode:
* 1:31 – Come see us in New Orleans, LA!
* 3:27 – Maiclaire, Kent and Tom discuss whether they’ve experienced this amount of rain before
* 6:13 – How did these three Californians weather the storms?
* 11:01 – Katia hosts The Sip, summarizing the important numbers in the property market
* 12:54 – What was the flooding like north of the Bay Area?
* 13:36 – What is going to happen when the snowpack melts?
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Mar 8, 2023
Will Wildfire Risk Mitigation Requirements Change the California Insurance Industry? | Part Two | 2
In Part 2 of this episode, host Maiclaire Bolton Smith continues the conversation with CoreLogic’s director of Insurance Market Strategy for Hazard and Risk Management about how insurers will need to access big data to effectively translate homeowner wildfire mitigation efforts into insurance discounts.
Catch up on Part 1 here.
Find full episodes with these guests in our podcast archive here: https://clgx.co/3zqhBZtIn This Episode:
* 1:21 – what exactly is the difference between a risk score and a CAT model?
* 3:15 – A brief primer on rate filings
* 3:41 – How do homeowners benefit from wildfire risk scores in their policies?
* 8:46 – What is the cost of providing transparency to homeowners?
* 9:43 – How can we be more resilient to natural hazards?
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Mar 1, 2023
Will Wildfire Risk Mitigation Requirements Change the California Insurance Industry?
No one wants 430% increases in wildfire insurance premiums and quotes of up to $20,000 per year. So, why are California homeowners dealing with these prices?
In Part 1 of this episode, host Maiclaire Bolton Smith talks to Paul Brown, CoreLogic's director of Insurance Market Strategy for Hazard and Risk Management about legislative changes from the California Department of Insurance and how insurers will need to access big data to effectively translate homeowner wildfire mitigation efforts into insurance discounts.
Find full episodes with these guests in our podcast archive here: https://clgx.co/3zqhBZt
In this episode:
* 1:39 – Who is Paul?
* 2:17 – Where to grab your limited-edition wildfire socks
* 3:26 – Why did California decide this was the year to change how insurance premiums were set?
* 5:13 – What do these changes mean for homeowners?
* 7:25 – Katia hosts The Sip, summarizing the important numbers in the property market
* 8:56 – The $15 million-dollar question: How does wildfire mitigation translate to insurance discounts?
* 11:35 – Quantifying mitigation strategies requires Big Data
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Feb 15, 2023
PropTech’s Convenience Will Cost You, But How Much? | Part Two | 2
In Part 2 of this episode, host Maiclaire Bolton Smith continues the conversation with CoreLogic’s real estate tech solutions expert Mark Weaver to discuss what the market tipping point for the success of iBuyers will be and how much people will be willing to pay for the sake of convenience.
Find full episodes in our podcast archive here: https://clgx.co/3zqhBZt
In this episode:
3:57 – What is the balance between convenience and profit?
6:00 – What is one single "point" so important? Hint: It’s a convenient insurance policy
7:52 – Who pays the convenience fee? The buyer or the seller?
9:13 – Will the iBuyer market bounce back?
11:02 – Optimize your business and meet us at MBA in Orlando
11:19 – How will major PropTech technologies evolve over the next couple of years?
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Feb 8, 2023
PropTech’s Convenience Will Cost You, But How Much?
In part one of this episode, host Maiclaire Bolton Smith sits down again with CoreLogic’s real estate tech solutions expert Mark Weaver to chat about how rising interest rates and a slowdown in buyer interest resulted in the once-red-hot iBuying and power buying segment being abruptly confronted with an environment designed to stress-test their business models.
Find full episodes with these guests in our podcast archive here: https://clgx.co/3zqhBZt
In this episode:
0:52 - Meet Katia, the newest team member of Core Conversations
2:06 - Mark is back to introduce himself
3:09 - How is the current market testing the iBuying model?
4:30 - What is the future of iBuying?
6:26 - What is iBuying anyways?
7:07 - Maiclaire talks about her iBuying experience
8:36 - Mark explains how iBuyers are pivoting their business models
10:45 - Katia takes a coffee break to do the numbers in the market
12:00 - What are the current opportunities for iBuyers?
13:22 - Designing a buy-box
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Jan 25, 2023
Appraising PropTech Innovation: Do Short-Term Changes Have Long-Term Effects?
Most of us don’t have enough money in the bank to buy a house in cash. We need to convince someone to lend us the money. Listen to host Maiclaire Bolton Smith talk to CoreLogic Chief Appraiser Shawn Telford and learn about how banks are leveraging PropTech to determine the worth of a home, as well as the consequences that innovation has on markets, loans and affordability.
Learn more about how technology is transforming the property industry by following along with CoreLogic analysis: https://clgx.co/3zqhBZt
In this episode:
1:17 – Who is Shawn and how did he end up in real estate?
3:19 – How did 2022 market conditions create challenges (and opportunities) in appraising?
5:03 – How will home price growth and inflation affect the future of appraising?
8:00 – How do you compare home values in a volatile market?
11:35 – Appraising staff shortages make room for remote desktop appraisals
13:26 – Are appraisal waivers here to stay?
16:16 – How was the pandemic a cata…
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Jan 11, 2023
Welcome Back to Season 3 of Core Conversations: A CoreLogic Podcast
Curious about what Season 3 of Core Conversations has in store for listeners? Host Maiclaire Bolton Smith has a few fun ideas for next year. Listen in to find out what to expect starting January 25, 2023.
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Dec 26, 2022
Catch Up With the Core Conversations Team!
In this episode, host Maiclaire Bolton Smith cedes the stage to the crew members of this podcast. Learn a little about what goes on behind the scenes to bring this podcast to life, and listen until the end for a special guest appearance!
Listen in or read more of the production crew's work here https://clgx.co/3zqhBZt
Also keep your eyes on future show notes sections for updates on our new monthly curated playlist centering around themes in the housing market. Check out this month's here: https://spoti.fi/3UFUzWj
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Dec 14, 2022
What Does 2023 Hold for the Housing Market and Property Industry?
As we wrap up this season, we are bringing back four of our favorite guests to get an update on what happened in 2022 and their outlook on the year ahead.
Find full episodes with these guests in our podcast archive here: https://clgx.co/3zqhBZt
Check out NFIP Risk Rating 2.0 video vignettes here.
In this episode:
1:25 - Catch up with Tom Larsen about natural catastrophes in 2022
5:32 – Hear from Scott Giberson for the latest on the NFIP's Risk Rating 2.0
12:31 - Garret Gray returns to talk about where the insurance industry is headed
17:22 – Get an update from Selma Hepp about the U.S. Economy. *This portion of the episode was recorded at the beginning of Q4.
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Nov 30, 2022
Diversity in Data: How DE&I Influences Our Business
In this episode, host Maiclaire Bolton Smith deviates from our typical discussions about the property industry to look inward at CoreLogic as a company and discuss how focusing on diversity, equity and inclusion is a vital part of the company and a big reason why CoreLogic has such a diverse group of people who work diligently to produce the data and analytics that are the driving engines behind the property market.
If you would like to know more about CoreLogic's culture visit us here: https://clgx.co/3zqhBZt
In this episode:
* Jay Kingsley, executive sponsor of CoreLogic Employee Resource Groups (1:32)
* Lisa Youngblood, President of the African American Leadership & Learning Employee Resource Group (6:07)
* Shannon Brown, president of the PRIDE Employee Resource Group (8:10)
* Jackie Pham, president of the ASCEND Employee Resource Group (12:44)
* Manuel Lopez, president of the LatinXCore Employee Resource Group (15:23)
* Sage Nichols, president of the Women's Business…
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Nov 16, 2022
Propped Up on Data
Curious about how technology is changing the process of homebuying? If you wish buying a home was like pushing the Easy Button, tune in to listen to Host Maiclaire Bolton Smith sit down with CoreLogic's real estate tech solutions expert Mark Weaver to discuss how property technology — or PropTech — is influencing the property industry, as well as what the future of big data and AI might influence a centuries-old process.
Learn more about how technology is transforming the property industry by following along with CoreLogic analysis: https://clgx.co/3zqhBZt
In this episode:
3:10 - What is PropTech and its innovative role in the industry?
6:23 - Why are 65% of businesses saying PropTech is a huge priority?
7:45 - How are PropTech and the traditional property industries finding balance within the overall property industry?
10:46 - What is the Discovery Platform?
12:50 - Is the added expense of digital transformation worth it in the current market?
16:56 - The iBuyers role
20:…
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Nov 2, 2022
Jumbo-Sized Financial Risk With a Side of Climate Change
To prepare for the intensifying impacts of climate change and the resulting physical risks to property assets, host Maiclaire Bolton Smith sits down with CoreLogic’s Public Policy and Industry Relations Executive Pete Carroll to discuss how climate-related financial risk influences government policy, with a focus on President Biden’s Executive Order 14030.
Learn more about how governmental policy affects the property industry by following along with CoreLogic analysis: https://clgx.co/3zqhBZt
Read more about the Dodd-Frank Act here, and check out the following episodes for further discussions about the effects of climate change on the property market:
* Catastrophic Change is Pushing Real Estate to Redefine Protection
* Why Climate Change Should Take More Real Estate in Industry Conversations
* Understanding Weather Risk: The Consequences Will Blow You Away
In this episode:
3:56 - Background on Executive Order 14030
5:28 - Who is involved in making this regulation a rea…
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Oct 19, 2022
Weathering the Storm: Will Hurricane Ian Upend the Florida Insurance Landscape?
As one of the worst hurricanes to make landfall in the U.S., Hurricane Ian was undeniably a catastrophic event. Its sweeping winds and heightened storm surge wreaked havoc on both the lives and property of Florida citizens. However, the insurance industry in the Sunshine State is also facing significant ramifications from the force of this storm, and only time will tell whether this event will change the face of Florida property and catastrophe insurance.
If you would like to know more about Hurricane Ian or are interested in following our hazard response in real-time visit hazardhq.com.
In this episode:
* Hurricane Ian and hurricane season overview (3:58)
* A comparison of Hurricane Ian to other historical storms (6:11)
* Loss estimates for Hurricane Ian review (7:53)
* What is the difference between an insured loss and economic loss? (11:22)
* Is this hurricane a market-changing event? (14:32)
* What happens to the homeowner if an insurance claim cannot be paid? (16:19…
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Oct 5, 2022
Total Home Value Extends Beyond the Numbers
A look at the news lately can make people jittery. The Federal Reserve is ratcheting up interest rates, inflation is rampant and, as a result, mortgage payments have skyrocketed. However, these realities do not necessarily spell doom and gloom for the U.S. housing market. In fact, these trends may just indicate a light at the end of the tunnel.
In this episode, host Maiclaire Bolton Smith sits down with CoreLogic Principal Economist Molly Boesel to talk about today’s economic trends in the housing market and how tracking them has revealed that perhaps things are not as dire as they might seem.
Keep pace with the changing economy by following CoreLogic analysis at corelogic.com/intelligence.
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Sep 21, 2022
Understanding Weather Risk: The Consequences Will Blow You Away
While most people know that carrying homeowners’ insurance is critical, few are aware of the extent to which climate change influences policies – after all, no two properties are created equal. Similarly, investors are often in the dark when it comes to the effects of changing weather patterns on pieces of property. To help lessen the confusion on this subject, the U.S. government is working to require publicly traded companies to put specific guidelines in their disclosures, so that investors will have more insight into weather events that might potentially negatively impact a portfolio of properties.
In this episode, host Maiclaire Bolton Smith sits down with George Gallagher, who is a principal account executive at CoreLogic, to discuss how climate change impacts the risk factors against which homes are insured. Additionally, the pair discuss recently released SEC guidance that is intended to enhance and standardize climate-related disclosures for properties.
Follow along at H…
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Sep 7, 2022
Why Climate Change Should Take More Real Estate in Industry Conversations
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…
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Aug 24, 2022
To Be or Not to Be (A Scientist): We Must Ask Girls That Question
By the time they reach middle school, many girls are already convinced that they will not pursue a career in the sciences — at least in the stereotypical sense of the profession. So how can these girls see the potential that a science career holds beyond lab coats and experiments? They meet female scientists in-person whose degrees have led to work in a wide array of positions from communications to project management.
In this episode, host Maiclaire Bolton Smith sits down with Project Scientist Founder Sandy Marshall and CoreLogic's Project Scientist Liaison Trish Murray to discuss the link between this non-profit, STEM careers for women and CoreLogic’s integral support for this initiative.
Interested in supporting Project Scientist? Visit projectscientist.org or corelogic.com to learn more about CoreLogic's investment in STEM.
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Aug 10, 2022
Know Your Past, Protect Your Future
Insurance — it is an essential financial resource that homeowners and businesses rely upon to navigate the uncertainty that comes with disasters big and small. While most people know how critical carrying insurance can be when faced with a disaster, few have a full grasp of the different types of insurance, why policies are structured in certain ways and how the ecosystem of insurance providers works together. But there is a reason for all these choices.
In this episode, host Maiclaire Bolton Smith sits down with the President of CoreLogic's Protect Division, Garret Gray to discuss the past, present and future state of hazard insurance as well as explore how technology will help this industry evolve into a more streamlined ecosystem
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Jul 27, 2022
You want that luxe life? You’ll pay the price.
The location, design and architecture of a luxury home can grab the imagination and lead to fantasies about jet setting to the French Riviera or vacationing in an exclusive Asian metropolis. However, the luxury real estate market has so much more nuance in terms of location, price point and even buyer demographic than a daydream could ever convey.
In this episode, host Maiclaire Bolton Smith sits down with CoreLogic Deputy Chief Economist Selma Hepp to discuss the luxury real estate market both in the U.S. and abroad, as well as dive into the trends driving the sales of these chic abodes.
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Jul 13, 2022
Nothing is Certain Except Death and (Property) Taxes
Discussions about property taxes are often met with a frown and a change of subject. But these homeowner taxes are not just one of life’s inescapable truths; they also help create essential revenue for cities and maintain healthy economies. So, when owners fall delinquent on property tax payments, the consequences can be pronounced.
In this episode, host Maiclaire Bolton Smith sits down CoreLogic Senior Leader of Government Solutions John Gilberti to discuss property taxes, why and how they are collected, the way municipalities use them and what happens if someone is delinquent in paying them.
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Jun 29, 2022
CoreLogic CEO: Why Foundational Support Comes from the Top
Seasonal changes affect the property industry. They also affect companies. As summer arrives, CoreLogic is commemorating its one-year mark as a private company that is also now under the leadership of CEO Pat Dodd.
To discover what all this change means for the business, host Maiclaire Bolton Smith sits down with Pat to discuss who he is as a leader, investigate what it is like to guide a private company and discover the insights he has gained about the property market during the first months in his new position.
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Jun 15, 2022
A Bowtie of Many Colors
This week, we are taking a moment to remember CoreLogic Chief Economist Dr. Frank Nothaft who was not only an influential force in the property industry but also a friend to many. In early June, Dr. Nothaft passed away unexpectedly. As the heart of CoreLogic in many ways, he will be greatly missed but not forgotten.
In this episode, host Maiclaire Bolton Smith recounts her memories of Dr. Nothaft as well as the recollections of others. His passing will ripple throughout the industry underscoring his far-reaching influence and the profound impact he had on the lives he touched.
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May 25, 2022
It’s a Bird. It’s a Plane. No, it’s Ballooning Interest Rates Flying High.
As a topic of conversation, interest rates have come to the forefront of the nation’s consciousness in recent weeks as the Fed has incrementally raised the rates of federal funds, widely affecting prices. However, not all industries are equally impacted. Real estate is one sector where many people are watching closely to see whether the ballooning interest rates will cool off the red-hot real estate market with the force of a summer breeze or if they will usher in a polar vortex and change the investment appeal of property in the United States.
In this episode, host Maiclaire Bolton Smith sits down with CoreLogic’s Chief Economist Frank Nothaft to discuss the effects of the current rise in interest rates on the property market.
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May 11, 2022
Catastrophic change is pushing real estate to redefine protection
Weather and climate are important risk factors that we monitor closely here at CoreLogic since these phenomena affect not only homeowners but also insurers and the property market at large. However, climate change is altering familiar seasonal climatic patterns, leading to more frequent and severe weather events that are sweeping across the nation and leaving billions of dollars in damages in their wake.
Host Maiclaire Bolton Smith sits down with Tom Larsen, an expert in catastrophe risk management and insurance solutions at CoreLogic, to answer some questions such as what led to the $56.92 billion in property damage in 2021? What is the difference between property damage and reconstruction cost value? How do natural disasters affect mortgage delinquency rates?
To take a deeper look at CoreLogic coverage of 2021 natural disasters, visit the company’s natural hazard risk information center, Hazard HQ™, at www.hazardhq.com or download the 2021 Climate Change Catastrophe Report at…
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Apr 27, 2022
Debunked! Top Three Housing Myths Dispelled
It’s no secret that the property market has been out of the ordinary, but how far from the norm have things actually deviated? While a quick scan of recent headlines may lead to the assumption that the U.S. is facing a brewing housing bubble, the reality of the country’s economics and the future of the property market is far more complex.
In this episode, host Maiclaire Bolton Smith sits down with CoreLogic Principal Economist Molly Boesel about the top three myths that are currently circulating within the property market, which of these claims are false and which ones have grown from a grain of truth into urban legend.
Dive into the ins and out of the property market by visiting the CoreLogic Intelligence page at corelogic.com/intelligence.
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Apr 13, 2022
What the Hail is Going on This Spring?
At CoreLogic, one of the areas we keep close tabs on is
how weather and climate affect property as this can directly affect not only
homeowners but also insurers. While the CoreLogic Hazard HQ team keeps tabs on
an assortment of catastrophic weather events, one of the costliest but least
talked about is hail. And spring is hail season here in the U.S.
Host Maiclaire Bolton Smith sits down with meteorologist
and Senior Leader Curtis McDonald to answer some questions such as how much
damage does hail inflict and how is this damage measured? How rampant is
insurance fraud resulting from hailstorms? What can we expect from this year’s
hail season?
Monitor current climate catastrophes and see in-depth analysis at hazardhq.com.
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Mar 30, 2022
A Flood of Change Comes with FEMA’s Risk Rating 2.0
In April, the Federal Emergency Management Agency will be updating its flood insurance risk grading systems. After decades of using the same system to understand the flood risk for properties in and around flood zones, these changes will be far-reaching, and the results of this shift will be numerous.
In this episode, host Maiclaire Bolton Smith sits down with Scott Giberson, principle of flood compliance at CoreLogic, to discuss the implications of this migration to Risk Rating 2.0.
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Mar 25, 2022
Trailer — Season 2 of Core Conversations: A CoreLogic Podcast
Season 2 of Core Conversations: A CoreLogic Podcast will air soon! Listen to our trailer to hear about what we have in store and subscribe to get notifications for the latest episodes.
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Dec 1, 2021
What's In Store for 2022?
We are wrapping up the season by bringing back five of our favorite guests from the year to get their take on 2021 and their outlook for the new year ahead.
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Nov 10, 2021
What Lessons Can We Learn from the USS Arizona?
At CoreLogic, supporting veterans is close to our hearts. One organization that we are proud to align with is the World War II Foundation. On Veterans Day, they will release a documentary, Elvis and the USS Arizona, and CoreLogic is a presenting sponsor.
In this episode, host Maiclaire Bolton Smith speaks with Tom Gray from the WWII Foundation to learn more about the documentary and the foundation.
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Nov 3, 2021
What Are the Effects of Natural Hazards on Mortgage Delinquencies?
Natural disasters can have long-term effects on a community. As noted in our 2021 Hurricane Report, lower-income homeowners are left with few options when homes are destroyed. When affected homes are deemed unsuitable for habitation, displaced people may resort to living at motels and similar, creating added expenses. Natural catastrophes can result in financial hardship as people struggle with additional expenses.
In this episode, host Maiclaire Bolton Smith sits down with Amy Gromowski, senior leader of science and analytics at CoreLogic, to discuss financial implications as a result of natural disasters.
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Oct 20, 2021
How Do You Solve Property Data's Oldest and Biggest Challenge?
Real properties have a jumble of identifiers rather than a single standardized number that clearly defines each piece of property. Often, these overlapping and incomplete data sets of property information can result in a mess that takes hours to unravel before the property data is clean enough to use. This applies to if data is being used for understanding property vulnerability, to a natural hazard, how close it is to a power line, to a home or complying with regulations to build a pipeline.
In this episode, host Maiclaire Bolton Smith sits down with Sachin Rajpal, head of enterprise data at CoreLogic, about this issue and the impactful ways that CoreLogic is solving it.
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Oct 6, 2021
What's My House Worth?
Browsing for a new home is a hobbyist activity, even for people not looking to immediately purchase. The home buying experience tends to now start online, and shoppers are seeing estimates from an automated valuation models or AVMs.
In this episode, host Maiclaire Bolton Smith sits down with Ann Regan, Executive Product Manager from Collateral Solutions to learn what exactly is an AVM? How does it work? What is it used for?
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Sep 22, 2021
What's in a Loss Estimate?
At CoreLogic, one of the areas we keep close tabs on is how weather and climate affect property as this could have some surprising downstream effects. The CoreLogic Hazard HQ team keeps a close eye on the state of weather covering catastrophes in the US and around the world.
Host Maiclaire Bolton Smith sits down with David Smith, Senior Leader of Science and Analytics to answer some questions about what is a loss estimate? What exactly are we estimating? Why are reconstruction costs different from actual losses?
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Sep 8, 2021
18 Months Later, How is COVID-19 Affecting the Housing Economy?
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?
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Aug 25, 2021
How Is Climate Change Affecting Real Estate?
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?
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Aug 11, 2021
What's the Secret to Increasing Appraised Value?
Let's put in a pool. Remodel the kitchen. Upgrade the bathroom hardware. Throughout the pandemic especially, people have been putting in some serious elbow grease into home renovation--but how much does this make a difference when selling a house?
In this episode, host Maiclaire Bolton Smith is joined by the Appraiser Coach, Dustin Harris. He discusses the value of truth, the impact of appraisal bias and reveals the secret to increasing the appraised value of a home.
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Jul 28, 2021
Is There Actually a Lumber Shortage?
In the U.S. lumber prices were up 54% year over year as of the second quarter of 2021, and this trend reflected across the globe. In simpler terms, the cost to build just about anything, but in particular homes, skyrocketed. These price increases go well and beyond normal demand surge.
To unpack this, host Maiclaire Bolton Smith sits down with construction aficionado Glenn Bearden. He peels back what's really causing this—from the pandemic, to labor problems, all the way to the core of human behavior.
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Jul 15, 2021
Where is a House, Really?
In the real estate economy, we all know the old adage "location, location, location," but location matters for far more than just determining the market value of a home, and the science of finding the answer of where that home is located is a lot more involved than meets the eye. Is it behind the Whole Foods? Is it halfway down the street, at a specific pair of coordinates, or where the building sits on the land?
In this episode, host Maiclaire Bolton Smith talks to geospatial and location expert Matt Karli. He unravels the complicated question of "where?"--and reveals how location intelligence can even save lives.
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Jun 30, 2021
From Kodak to 3D: What is the Future of Selling Homes?
The past 10, 20, even 30 years have been momentous in changing the ways we live, and real estate agents have been tasked to stay nimble to these changes. From the old days of pay-per-minute phone calls to today's free social internet, the way agents interact with clients and sell homes has undergone a great transformation.
To share their insights on this revolution, host Maiclaire Bolton Smith welcomes Creig Northrop, founder and CEO of Northrop Realty, and Kevin Greene, senior leader of Property Marketing Solutions at CoreLogic. They discuss the fundamentals of being an excellent agent and consider what the future has in store for the industry.
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Jun 16, 2021
What Do Tomorrow's Smart Cities Look Like?
The future, complete with interconnected and coordinated utilities and buildings, can help people live better. Whether it's managing a city's power supply or the flow of traffic, mitigating for burst pipes or improving delivery service accuracy, smart cities are the next big leap in fundamentally reimagining how we live. And this future is closer than you might expect.
In this episode, host Maiclaire Bolton Smith talks to data enthusiast Ty Tucker about the possibilities--and risks--of the smart world before us.
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Jun 2, 2021
How Do Communities Recover from Climate Disasters?
Hurricane season kicked off on June 1, and 2021 is projected to be another above-normal year. Last year, Hurricanes Laura and Delta decimated the Louisiana coastline. Lake Charles, Louisiana, was hit exceptionally hard, but in spite of the devastation and hardships, the community came together. Two veterans who were so inspired by the courage and kindness teamed up to make a documentary series that aims to give back to the organizations that helped the community recover.
In this episode, host Maiclaire Bolton Smith chats with Justin Roberts and Hank Barbe, the dynamic duo behind the project, about what they experienced, how the documentary series Do Good came to be, and how communities can prepare for the 2021 hurricane season ahead.
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May 19, 2021
How Is New Technology Revolutionizing the Homebuying Experience?
According to a survey conducted by CoreLogic in 2021, nearly 80% of people looking to buy homes agreed that the homebuying process was very stressful. 58% noted that the pandemic has made the homebuying process much more difficult. And despite the digital world we live in, the process can still be cumbersome.
Matt Fagioli, owner and founder of BKG Brokerage Atlanta and broker advisor to CoreLogic, sits down with host Maiclaire Bolton Smith to talk about a new AI-enabled technology revolutionizing the homebuying experience: OneHome.
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May 5, 2021
How Do We Deconstruct Home Values?
Market value. Replacement value. Reconstruction value. Assessed value. Appraised value. The real estate ecosystem is filled with hundreds of similar-sounding names, with similar-sounding purposes, and even seasoned professionals get them confused.
In this episode, Core Conversations host Maiclaire Bolton Smith chats with valuations expert Sherrie Clevenger to get to the bottom of this matter: what do all of these values mean? And how do we ensure they're accurate?
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Apr 21, 2021
How Does Real-Time Tornado Intel Protect Homes?
Over 1,000 tornadoes are recorded each year in the United States. With their ability to arrive unannounced, coupled with hundreds-of-miles-an-hour winds, they can obliterate everything in their path before disappearing, destroying homes and lives in the process.
Curtis McDonald, resident meteorologist at CoreLogic, joins the podcast to talk with host Maiclaire Bolton Smith about how, despite his mother's fears, he got into storm chasing, how valuable these observations are to creating rapid intel and algorithms for insurers and financial institutions, and what climate change might mean for the future of tornadoes and severe weather.
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Apr 7, 2021
How Do We Solve the Affordable Housing Crisis?
April is Financial Literacy Month, and to recognize the importance of the topic, Core Conversations host Maiclaire Bolton Smith sits down with Pete Carroll to talk about the Affordable Housing Crisis in the U.S.
Homeownership is a major pathway for people build and grow wealth, so when buying a home becomes increasingly expensive, those who don't already own one are locked out of achieving economic mobility. He shares the connection between financial literacy and homeownership and how we can help our most economically vulnerable secure the opportunity to rise up.
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Mar 24, 2021
What's the Secret to Being a Rockstar Real Estate Agent?
Finding the dream home can be incredibly competitive these days. From "sight unseen" home purchases to bidding wars, a combination of low supply, low interest rates, and the pandemic-driven desire for space have raised the stakes for buyers, sellers and agents alike.
Deneka Waddell, from the Holmes Realty Group, is the expert on the ground. In this episode, she sits down with Core Conversations host Maiclaire Bolton Smith to reveal what is actually happening, how data can improve the home purchase process, and whether freshly baked cookies actually sell homes.
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Mar 10, 2021
Why Was the Texas Deep Freeze So Extreme?
A few weeks ago, Texas was on thin ice. A combination of below freezing temperatures and widespread power outages resulted in a multi-pronged crisis: no heat, no water, no food, no gas.
In this episode, catastrophe risk expert Tom Larsen dives deep with Core Conversations host Maiclaire Bolton Smith to answer the lingering questions. What caused people to suffer? How were homes damaged so badly? And is this sort of phenomenon the new normal?
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Feb 24, 2021
How Did Swiss Re Pioneer Parametric Hail?
The insurance industry had a big shake up last year, and Swiss Re was at the heart of it. Traditional insurance hasn't fundamentally changed since the '80s--the 1880s, that is--but with new technologies, Swiss Re has been able to innovate and create protection for the most frequently occurring, highest-claims-causing natural disaster out there: hail.
Core Conversations host Maiclaire Bolton Smith chats with Dr. Megan Linkin and Cole Mayer from Swiss Re about how they did it and why it matters, and they address the question on everyone's minds: what's the next frontier for insurance?
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Feb 3, 2021
Innovation is a Buzzword. What Does It Really Mean?
When we think about innovation and invention, everything from flying cars to Steve Jobs to TikTok comes to mind. But when it comes to the nuts and bolts of it, how does innovation come to be? How did we get to the airplane, and why is Google as successful as they are?
CoreLogic Chief Innovation Officer John Rogers chats with host Maiclaire Bolton Smith to let us in on the magic, science and marketplace understanding of what it takes to innovate.
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Jan 20, 2021
How Can Californians Protect Their Homes from the Next Big One?
Earthquake are unique: they come without much warning and they can be incredibly destructive. California, in particular, is notorious for its propensity for earthquakes, yet the earthquake insurance uptake rate in California remains very low.
In this episode of Core Conversations, host (and earthquake seismologist) Maiclaire Bolton Smith sits down with Shawna Ackerman, Chief Risk and Actuarial Officer for the California Earthquake Authority (CEA) to talk about the 1994 Northridge earthquake, how homeowners can better prepare for the next Big One, and what the future holds for the CEA.
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Jan 6, 2021
How is Automation Affecting the Appraisal Industry?
Change is upon us all, and the appraisal industry is no different. New technologies like homeowner-assisted valuations, drones and more have shifted the way appraisals have traditionally been conducted. In this episode, host Maiclaire Bolton Smith and CoreLogic Chief Appraiser Shawn Telford discuss how automation has affected the industry and what the future holds for the profession.
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Dec 21, 2020
Is Digital Transformation Here to Stay?
There's no doubt about it: the pandemic has caused change for us all, and the housing market is no different. Digital transformation has rocked the property ecosystem across real estate, lending and insurance. Virtual tours have changed the way families find their dream home, the CARES act has impacted the lending and mortgage process, and even property insurance, typically inclusive of in-person surveys and in-person adjusting, has been affected.
In the latest episode of Core Conversations, host Maiclaire Bolton Smith invites Scott Little, Pete Carroll and Mikhail Palatnik to talk about the data-driven changes in these spaces--and whether these changes are here to stay.
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Dec 9, 2020
How Do We Prepare for 2021's Wildfires?
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.
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Nov 25, 2020
How Has COVID-19 Affected the Global Economy?
Core Conversations host Maiclaire Bolton Smith explores the economic impact of this year's pandemic from two perspectives: the United States and Australia.
CoreLogic Chief Economist Dr. Frank Nothaft, based in the Washington, D.C. area, and Tim Lawless, Executive Research Director for Asia Pacific, based in Brisbane, explore the extent of the impact varying lockdowns, social distancing orders and other coronavirus regulations have had on each country--and find what the similarities and differences are, from labor to GDP to the housing market and beyond.
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Nov 11, 2020
How Do We Create Opportunity for the Future?
In this episode, Core Conversations host Maiclaire Bolton Smith sits down with Kagan Coughlin, co-founder of Base Camp Coding Academy in Water Valley, Mississippi.
The academy is a hands-on, tuition-free program that seeks to train students to be software developers within 12 months, and in a time where the cost of higher education is increasing, Kagan describes how the program opens doors to students who may have otherwise not had the opportunity--and how this program is a model for how the rest of the country can think about higher education in rural America.
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Oct 28, 2020
What are the Implications of an Overactive Hurricane Season?
In this episode, Core Conversations host (and self-proclaimed natural catastrophe freak) Maiclaire Bolton Smith converses with Dr. Daniel Betten, meteorologist and principal hazard scientist at CoreLogic.
2020's hurricane season is one for the books, and Daniel, who has had a colorful history in storm chasing, relates his personal experience with feeling the wrath of Hurricane Florence, the lessons that can be learned from each encounter with Mother Nature and how this year is...different.
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Oct 15, 2020
How Has COVID-19 Affected the Housing Market?
In this episode, Core Conversations host Maiclaire Bolton Smith chats with Pete Carroll, Executive of Public Policy and Industry Relations at CoreLogic, to talk about the event that has upended the housing economy this year: COVID-19.
The housing market is a markedly different place than it was just a year prior, and Pete discusses the long-term implications of this new world, including the CARES Act, homebuying trends and behaviors, digitalization and virtualization, affordable housing and more.
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Oct 13, 2020
Welcome to Core Conversations
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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