Chief Economist @CorelogicInc Previously @Compass, @PacUnion, @trulia, @CARResearchInfo, @NAR_Research
Joined February 2012
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The latest @CoreLogicInc S&P Case-Shiller annual #homeprice growth flattens at 6.5% in March, but monthly appreciation continued to heat up beyond the typical seasonal uptick, pushing prices up by 1.3%. corelogic.com/intelligence/c…
Excited to be part of @HousingWire's Market Update on Dec 11 with @LoganMohtashami, @darenjblomquist, and Clare Losey! Join us as we fact-check assumptions about the 2024 housing market. See you there! clgx.co/3RdJkok
The latest @CoreLogicInc S&P Case-Shiller down 0.5% YOY in May, but recent gains indicate an inflection ahead. Mid-West pandemic-laggers, Cleveland, Chicago, Detroit, now the hottest housing markets. corelogic.com/intelligence/u…
In April, the @CoreLogicInc S&P Case-Shiller fell 0.24% YOY, first time since 2012, but the annual decline reflects 2022 price drops. The MOM index was up 1.3%, same as March. All markets have bottomed out at this point and are seeing heated home buying conditions once again.
So much to untangle in today's @CoreLogicInc Case-Shiller HPI report. Home price growth in early spring 2023 proved stronger than initially anticipated, reflecting a major imbalance in the housing market. For details:
corelogic.com/intelligence/u…
In January, the @CoreLogicInc S&P Case-Shiller Index posted a 3.8% year-over-year increase, down from a 5.6% gain in December, marking the ninth straight month of decelerating annual home price growth.
corelogic.com/intelligence/u…
In December, the @CoreLogicInc S&P Case-Shiller Index posted a 5.8% YOY gain. National prices are down 4.4% since spring peak. Despite recent price declines, annual average home price growth for 2022 was the second highest on record. For full analysis:
corelogic.com/intelligence/u…
It's definitely so great to be featured in @nytimes and discuss some important outcomes of the recent housing market roller-coaster: nytimes.com/2023/02/11/busin…
In November, the @CoreLogicInc S&P Case-Shiller Index posted a 7.7% year-over-year increase, down from a 9.2% gain in October, marking the seventh straight month of decelerating annual home price gains and slowest since Sept 2020. corelogic.com/intelligence/u…
Selma Hepp retweeted
Announced today, @SelmaHepp has been appointed as CoreLogic Chief Economist. Selma was named Interim Chief Economist in July 2022.
Read more about the news here: clgx.co/3Heiisa
Today's @CoreLogicInc report shows YOY HPI growth posted an 8.6% gain, the lowest rate of appreciation in exactly two years. On a MOM basis, home prices declined by 0.2% compared to October 2022. corelogic.com/intelligence/u…
Check out the latest @Corelogic Homeowner Equity report showing slowing of home equity gains in Q3, though still averaging $284K per mortgaged borrower, some increase in number of borrowers underwater, though still lower than a year ago, and more: linkedin.com/posts/selma-hep…
The latest @CoreLogic HPI shows continued rapid home price growth deceleration, up 11.4% YOY in Sept. While monthly gains are down for the third straight month, the HPI is down only 2% from the June peak, and still 7% higher than in Jan '22. clgx.co/3DSbz6M
Selma Hepp retweeted
What effect does flood risk have on real estate – specifically, a home’s value? How much has the risk been priced in already? How much is not accounted for due to climate risk?
Bin He, Executive of Science & Analytics, and colleagues visit these questions in this case study:
Housing markets continue to be rattled by continual rise in mortgage rates. With home buying demand recoiling rapidly, home price appreciation has slowed considerably. In August, the @CoreLogicInc S&P Case-Shiller Index posted an 13% increase:linkedin.com/posts/selma-hep…
While rent growth nationally is slowing, shelter will continue to contribute outside share to inflation measures over the next year due to the lagged impact of rents on rent inflation. Based on our projections, shelter inflation will peak at close to 9% sometime next summer.
📍 High-tier rental growth rates have gradually decreased year over year since April, leading them to become the slowest-growing market segment in August
Learn more in the CoreLogic Single-Family Rent Index: clgx.co/3D6567C
At 19.7% annual increase in May, @CoreLogic S&P Case-Shiller Index marks the second month of deceleration. Hallmarks of a slowdown tend to be focused on highly unaffordable markets, such as West Coast markets and Phoenix. For more: linkedin.com/posts/selma-hep…
The latest CoreLogic HPI, up 20.2% YOY in May (from 20.5% in April) shows a tipping point in national home price growth. Nevertheless, many markets, particularly in the South and Mountain West remain above 20%YOY. Forecast at 5% YOY in May '23. For more: lnkd.in/g4rTfN3z
Selma Hepp retweeted
“We’re in a tipping point in terms of home price growth,” @CorelogicInc’s @SelmaHepp says. “We do expect going forward that deceleration in home prices is going to take even a harder turn and home prices will slow down substantially.”