Beyond the Buildings

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.

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.

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.

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.

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.

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 corelogic.com/catastrophereport.

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.

At CoreLogic, one of the areas we keep close tabs on ishow weather and climate affect property as this can directly affect not onlyhomeowners but also insurers. While the CoreLogic Hazard HQ team keeps tabs onan assortment of catastrophic weather events, one of the costliest but leasttalked about is hail. And spring is hail season here in the U.S. Host Maiclaire Bolton Smith sits down with meteorologistand Senior Leader Curtis McDonald to answer some questions such as how muchdamage does hail inflict and how is this damage measured? How rampant isinsurance fraud resulting from hailstorms? What can we expect from this year’shail season?Monitor current climate catastrophes and see in-depth analysis at hazardhq.com.

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.

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.