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Amid a climate crisis, some good news for Florida’s housing market

Housing Wire

The Florida housing market faces an outsized risk from weather events and larger climate issues. John Rogers, chief innovation officer at CoreLogic , outlined the risks but also the positive developments he sees in the Florida housing market at an event held by the National Association for Real Estate Editors (NAREE) last week.

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CoreLogic’s John Rogers on AI, climate risk and land development issues

Housing Wire

What we provide the market is something called climate risk analytics, which allows companies to financially measure and mitigate the impact of climate through every single property up to the year 2050. Since 1980, there were roughly eight major weather events per year that each caused over $1 billion dollars in damage.

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DataDigest: In the nation’s hottest housing market, flood insurance premiums soar

Housing Wire

housing markets , recording some of the highest year-over-year growth in March, as measured by the CoreLogic Home Price Index. billion per year by 2050 from the base period in severe climate-risk scenario,” economists at CoreLogic said. Here are the 10 counties with the highest annual loss projections through 2050.

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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. But originators need to see the big picture that extends beyond our current economic climate—the market for reverse mortgages is enormous and growing. We have recorded trainings.

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[PULSE] 5 reasons mortgage rates will fall in 2021, according to Dave Stevens

Housing Wire

After the market stabilized, the Fed slowed its purchases to around $100 billion per month in May, June and July. The projected budget deficits would boost federal debt to 104% of GDP in 2021, to 107% of GDP (the highest amount in the nation’s history) in 2023, and to 195% of GDP by 2050.”. Fed purchases in July were $104.6

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1.2 million homes face wildfire risk in California

Housing Wire

Depending on greenhouse-gas emissions scenarios, average annual loss projections could increase 31% to 41% in California by 2050, and roughly 40% to 50% in Colorado. The actions contributed to instability in the state’s insurance markets which could have significant implications for homebuyers. year over year.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

3) Inflation and higher interest rates will likely lead us into the next recession, which contrary to popular belief, can be positive for the housing market due to lower interest rates. HousingWire: What do you think will be the big themes for the housing market in 2022? Josh Mettle: Higher appreciation rates than many are forecasting.