Podcast appearances and mentions of frank nothaft

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.

The Real Estate News Brief; Fed's Rate Hike Plan, Record Home Price Growth, Real Estate Career SurgeIn this Real Estate News Brief for the week ending May 7th, 2022... the Fed fights inflation with rate hike, home prices hit new record high, and the popularity of a career in real estate.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and words from the central bank that touched off a dramatic roller coaster of gains and losses on Wall Street. Fed Chief Jerome Powell sat down with the press for an hour on Wednesday after a decision by Fed officials to raise the Federal Funds rate by 50 basis points. Powell said that inflation is too high but essentially nixed the idea of a 75 basis point rate hike. He also suggested the possibility of two more 50-basis point rate hikes during the next two meetings. (1)His comments about shelving a more aggressive rate hike plan triggered a huge stock rally with the Dow gaining at least 900 points. But the exuberance didn't last long. Stocks fell harder on Thursday than they flew higher on Wednesday, and the losses continued on Friday. So there's still plenty of uncertainty about where our economy is headed. But Powell's comments were encouraging. Among his comments: “We need to do everything we can to restore stable prices as quickly and effectively as we can. We think we have a good chance to do it without a significant increase in unemployment or a really sharp slowdown.” (2)So how do the rate hikes affect consumers and investors? They are directly linked to higher rates for credit cards, student loans, car loans, and adjustable-rate mortgages. They will also influence mortgage rates, although they are not directly linked. On a positive note: higher mortgage rates along with high home prices are expected to result in a cooler and more normal housing market. But how high will mortgage rates go? Lending Tree's senior economic analyst, Jacob Channel, is predicting that the 30-year fixed-rate loan will hit 6% by the end of the year. (3) I think it will hit 7%.There were 200,000 initial jobless claims last week which was an increase of 19,000 from the week before. It was the biggest weekly increase since almost a year ago, but continuing claims decreased by the same amount, but they remain at their lowest level since early 1970, at 1.38 million. (4)U.S. companies also added almost a quarter million new jobs in April, but there are still far too few workers to fill all the open positions. In March, there were a record 11.5 million jobs that needed filling. The unemployment rate is currently at 3.6% which is slightly higher than a 54-year low. (5) (6)Construction spending was slow in March, because of a drop in non-residential spending. Money spent on all kinds of residential construction was up 1%. That's mostly due to a 1.3% increase in single-family home construction that was offset by a drop in spending on multi-families. (7) Mortgage RatesMortgage rates moved higher again this last week. Freddie Mac says the 30-year fixed-rate mortgage was up 17 basis points to 5.27%. That's the highest it's been since 2009. The 15-year was up 12 basis points to 4.52%. (8) The Mortgage Daily News says the average 30-year was even higher, at 5.55%. It also warned that home affordability is close to the worst it's ever been. At the start of the pandemic, 6% of U.S. housing markets were less affordable than long-term levels. That percentage is now up to 95%. (9) In other news making headlines…Home Price Growth Hits Record HighThe latest report from CoreLogic is out on home price growth in March. According to this report, it was up a record 20.9% year-over-year. If that number isn't impressive enough, CoreLogic says the March increase was the 122nd month in a row that home prices have gone up. (10)Chief economist Frank Nothaft says when you combine home price growth with higher interest rates, the monthly principal and interest payment on a home is now 50% higher than it was a year ago.Florida was at the top of the list for home price gains. They are up 31.4% year-over-year. Arizona was second followed by New York and Washington, D.C.People Switching to Real Estate CareersThe hot real estate market is attracting more than just home buyers. A lot of people are quitting their jobs for a career in real estate. According to the New York Times, there was a 60% increase in the number of people who started working in real estate during the pandemic - from 2020 to 2021. (11)Coldwell Banker Real Estate CEO Ryan Gorman says that many people are exploring self-employment options, and with real estate, the sky is the limit. He says: “They've realized they can get out of it what they put into it” and that could mean a six-figure paycheck. But those expectations could be unrealistic. As realtor.com reports, most real estate agents don't make six figures. In May of last year, the median was just over $48,000. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke...Show Notes link: https://www.newsforinvestors.comJoin link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20LinkSubscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715Links:1 - https://www.marketwatch.com/story/why-powell-took-75-basis-point-rate-hike-off-the-table-and-other-takeaways-from-the-fed-press-conference-11651707052?mod=economy-politics2 - https://www.cnbc.com/2022/05/04/follow-the-latest-updates-as-the-federal-reserve-gets-set-to-hike-rates.html3 - https://magazine.realtor/daily-news/2022/05/05/fed-raises-rate-what-it-means-for-housing4 - https://www.marketwatch.com/story/u-s-jobless-claims-jump-in-latest-week-by-biggest-amount-since-last-july-11651754614?mod=economy-politics5 - https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-april-11651838865?mod=mw_latestnews6 - https://www.marketwatch.com/story/u-s-job-openings-rise-to-record-11-5-million-and-job-quitting-also-hits-all-time-high-11651587236?mod=economic-report7 - https://www.marketwatch.com/story/u-s-construction-spending-slowed-in-march-missing-expectations-271651501992?mod=search_headline8 - https://www.freddiemac.com/pmms9 - https://www.cnbc.com/2022/05/02/mortgage-rates-surge-as-home-affordability-nears-record-worst.html10 - https://www.housingwire.com/articles/corelogic-u-s-home-price-gains-hit-all-time-high-in-march/11 - https://magazine.realtor/daily-news/2022/05/03/great-resignation-leads-to-real-estate-rush12 - https://www.housingwire.com/articles/you-can-no-longer-get-a-mortgage-at-costco/

U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year. The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic‘s recent national Home Price Index report. Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. “The annual growth in the U.S. index was the largest we have measured in the 45-year history of the CoreLogic Home Price Index,” Frank Nothaft, chief economist at CoreLogic, said in a statement. “In April, 30-year fixed mortgage rates averaged nearly 2 percentage points higher than one year earlier. “With the growth in home prices, that means the monthly principal and interest payment to buy the median-priced home was up about 50% in April [2022] compared with last April.” As of April 21, the payment-to-income ratio for homeowners was 32.5%, just 1.6 percentage points shy of the record of 34.1% in July 2006, according to Black Knight's latest monthly Mortgage Monitor report. Black Knight forecasts that a 5% increase in home prices would push affordability to its worst level on record. Housing prices are up 5.9% since the start of the year. Buyers who closed on a property in March had a good chance of locking in mortgage rates at around 4%. By late April, rates had climbed past 5% — and were up by more than 200 basis points from the same period last year. That trend might derail more prospective buyers, CoreLogic noted. Interest rates hit 5.10% last week, compared with 2.98% a year ago, according to Freddie Mac PMMS. Black Knight's Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association, measured the 30-year conforming mortgage rate at 5.317% last week. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year. The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic‘s recent national Home Price Index report. Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. “The annual growth in the U.S. index was the largest we have measured in the 45-year history of the CoreLogic Home Price Index,” Frank Nothaft, chief economist at CoreLogic, said in a statement. “In April, 30-year fixed mortgage rates averaged nearly 2 percentage points higher than one year earlier. “With the growth in home prices, that means the monthly principal and interest payment to buy the median-priced home was up about 50% in April [2022] compared with last April.” As of April 21, the payment-to-income ratio for homeowners was 32.5%, just 1.6 percentage points shy of the record of 34.1% in July 2006, according to Black Knight's latest monthly Mortgage Monitor report. Black Knight forecasts that a 5% increase in home prices would push affordability to its worst level on record. Housing prices are up 5.9% since the start of the year. Buyers who closed on a property in March had a good chance of locking in mortgage rates at around 4%. By late April, rates had climbed past 5% — and were up by more than 200 basis points from the same period last year. That trend might derail more prospective buyers, CoreLogic noted. Interest rates hit 5.10% last week, compared with 2.98% a year ago, according to Freddie Mac PMMS. Black Knight's Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association, measured the 30-year conforming mortgage rate at 5.317% last week. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

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In this Real Estate News Brief for the week ending January 14th, 2022... what the Fed is saying about tighter monetary policy, the latest rise in consumer prices, and where mortgage rates are right now.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and confirmation hearings for Fed Chief Jerome Powell. President Biden nominated him to continue in his role as the central bank's Chairman. Powell told the Senate Banking Committee that super low interest rates are no longer needed to prop up the economy, and that short-term rates should go higher to control inflation.The Fed has penciled in three rate hikes this year, but Powell says the central bank is prepared to do more, if necessary. It's a balancing act because hiking rates too much and too fast, could lead us into a recession, and job losses. But Powell believes that rates can go higher without hurting the job market. MarketWatch described his characterization of the process as a “soft landing” for the economy, and not a recession.Powell says that “if things develop as expected, we'll be normalizing policy, meaning we're going to end our asset purchases in March, meaning we'll be raising rates over the course of the year.” (1) (2)As it stands, consumer prices rose again in December. The government says they were up .5% in December to a 40-year high of almost 7%. When you strip out food and energy, the inflation rate was up .6% in December to 5.5%. As reported by MarketWatch, that figure is a 31-year high. (3)Those high prices contributed to a drop in consumer spending, along with the spread of the Omicron variant and the supply chain disruptions that are leaving some store shelves bare. The government says that retail sales figures were down 1.9% in December. Internet retailers, like Amazon, experienced the biggest declines. Those figures were down almost 9%. Sales fell about 7% for department stores, 5.5% at furniture stores, and almost 3% at places that sell electronics, like Best Buy. (4)The unemployment report surprised economists with an increase in initial state claims. They were up 23,000 to a total of 230,000. Continuing claims dropped significantly however. Almost 200,000 people stopped collecting checks last week, leaving just 1.56 million people on the unemployment list. (5)Consumers are feeling more pessimistic about the economy because of inflation and Covid. The University of Michigan reports that its consumer sentiment index fell a few points in January, to 68.8. That's the second-lowest reading in a decade. The lowest was a few months ago when it dropped to 67.4 in November. (6)Mortgage RatesMortgage rates rose by almost a quarter point last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 23 basis points to 3.45%. The 15-year was up 19 points to 2.62%. Freddie Mac says the rate increase was “driven by the prospect of a faster than expected tightening of monetary policy” by the Federal Reserve in response to inflation, supply chain disruptions, and labor shortages. (7)In other news making headlines… Mortgage Delinquency RatesThe mortgage delinquency rate has returned to pre-pandemic levels. CoreLogic's Loan Performance Report shows that 3.8% of mortgages were delinquent by at least 30 days in October. That's only one-tenth of a percent higher than October of 2019. And the trend is expected to continue. (8)The report shows CoreLogic's chief economist, Frank Nothaft, says that loan modifications have helped lower the number of loans that are seriously delinquent. But he says they were still half a million higher in October than they were at the start of the pandemic in March.The drop in mortgage delinquencies has lowered the foreclosure inventory rate to its lowest level since 1999. CoreLogic says foreclosures are down in all 50 states, and expects them to drop further throughout the course of this year.Second-Home Demand Demand for vacation homes continues to rise. Redfin says it was 77% higher in December than it was before the pandemic due to new work flexibility and low mortgage rates. The second-home market is expected to remain strong, although higher interest rates could impact demand along with new second-home fees from Fannie Mae and Freddie Mac. Those will take effect on April 1st. (9)That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 - https://www.marketwatch.com/story/powell-says-fed-can-cool-inflation-without-damaging-labor-market-11641918399?mod=economy-politics2 - https://www.cnbc.com/2022/01/11/powell-says-rate-hikes-tighter-policy-will-be-needed-to-control-inflation.html3 - https://www.marketwatch.com/story/coming-up-consumer-price-index-11641993303?mod=economy-politics4 - https://www.marketwatch.com/story/coming-up-u-s-retail-sales-11642166291?mod=economy-politics5 - https://www.marketwatch.com/story/jobless-claims-jump-to-highest-level-since-mid-november-11642081065?mod=economy-politics6 - https://www.marketwatch.com/story/consumer-sentiment-falls-in-january-due-to-omicron-and-inflation-worries-11642172660?mod=economic-report7 - http://www.freddiemac.com/pmms/8 - https://www.housingwire.com/articles/mortgage-delinquency-rate-reaches-prepandemic-levels/9 - https://magazine.realtor/daily-news/2022/01/07/second-home-demand-up-77-from-pre-pandemic-levels

Today's HousingWire Daily features an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies they should employ in 2022. During this conversation, CoreLogic's chief economist Frank Nothaft, its senior leader of advanced delivery engines Sapan Bafna and Pete Carroll, the company's executive of public policy and industry relations, join Meg Burns, Executive Vice President of the Housing Policy Council, and Mike Blair, Executive Vice President and Chief Operating Officer of LoanCare to also discuss what should be included in every servicer's playbook.HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Elissa Branch.

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?

Will home prices continue to rise at this furious pace, or will they plummet back to earth like they did during the housing meltdown? Or maybe something in the middle? In this episode, we'll hear from an expert on the housing market, the impact of the pandemic on buyer demand, home prices and migration patterns, and what the data shows us about the future.Dr. Frank Nothaft is the chief economist for CoreLogic and leads an economics team that's responsible for analysis, commentary and forecasting for the global real estate, insurance, and mortgage markets. The Southern California-based company tracks, gathers, and analyzes massive amounts of property, financial, and consumer data and provides reports for the real estate and mortgage industry along with customized business intelligence reports for clients.Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to subscribe to our podcast and leave a review if you like what you hear! Thank you!

Will home prices continue to rise at this furious pace, or will they plummet back to earth like they did during the housing meltdown? Or maybe something in the middle? In this episode, we'll hear from an expert on the housing market, the impact of the pandemic on buyer demand, home prices and migration patterns, and what the data shows us about the future.Dr. Frank Nothaft is the chief economist for CoreLogic and leads an economics team that's responsible for analysis, commentary and forecasting for the global real estate, insurance, and mortgage markets. The Southern California-based company tracks, gathers, and analyzes massive amounts of property, financial, and consumer data and provides reports for the real estate and mortgage industry along with customized business intelligence reports for clients.Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to subscribe to our podcast and leave a review if you like what you hear! Thank you!

In this Real Estate News Brief for the week ending June 12th, 2021… inflation hits a new 13-year high, homeowners make big gains in equity, and “The House that SHE Built” in Utah.Economic NewsWe begin with economic news from this past week. The latest inflation report shows another surge in consumer prices. The U.S. Bureau of Labor Statistics reported a .6% jump in the consumer price index last month. That puts the annual rate at a 13-year high of 5%. The core inflation rate, which excludes food and energy, also jumped .7% to a 29-year high of 3.8%. The Federal Reserve has assured Americans that these price increases are the result of a fast economic recovery, and will only be temporary. Some economists worry that the higher prices won't come back down, but as MarketWatch reports, the debate is expected to “play out over the next year.” (1)The number of people filing for unemployment continues to drop. The government reported just 376,000 new claims for the week ending June 5th. (2) The number of continuing claims also fell by another 258,000 to a total of 3.5 million. Combined with seven other state and federal programs, 15.34 million people are collecting checks. That's about half the number at the same time last year.While jobless claims went down, job openings shot up to a record high. The Labor Department says there were 9.3 million openings in April, which is about 1 million more than March, and about 5 million more than there were during the early months of the pandemic. (3) Employers say they are struggling to find people to fill open positions. A high number of people are also quitting their jobs. Economists say there are several reasons for this situation, including early retirement, trouble finding childcare, extra unemployment benefits, and fear of COVID.Consumers regained their confidence in the economy in June. The University of Michigan's consumer sentiment survey shows a 4-and-a-half point increase to a reading of 86.4. That's after it hit a 13-month high in April, and then dropped in May. (4) Mortgage RatesMortgage rates were down slightly in the last week. Freddie Mac says the 30-year fixed-rate mortgage slipped 3 basis points to 2.96%. The 15-year was down 4 points to 2.23%. (5)In other news making headlines…$1.9 Trillion in New Homeowner EquityJune is National Homeowners Month, and U.S. homeowners have something to celebrate. (6) According to CoreLogic's latest Home Equity Report, homeowners with mortgages have enjoyed a 19.6% year-over-year increase in their equity. That represents an average yearly gain of $33,400 per homeowner, and a total gain of more than $1.9 trillion. (7)CoreLogic's chief economist, Dr. Frank Nothaft, says: “Double-digit home price growth in the past year has bolstered home equity to a record amount. This reduces the likelihood for a large number of distressed sales of homeowners to emerge from forbearance later in the year.” Instead of letting their homes go into foreclosure, they are more likely to sell their homes and pay off the loan.The first quarter report shows that loans with negative equity decreased 7% to 1.4 million homes. That's about 2.6% of all homes with a mortgage.Turkey Leads for Global Price GrowthHome prices around the globe have been rising at their fastest pace since 2006. A report from Knight Frank shows they were up 7.3% year-over-year in March. And the country at the top of that list is Turkey at around 32%. New Zealand is second with a 22% increase, and is followed by the U.S. and Sweden at 13%, Austria at 12%, and Canada at 11%. (8)Frank Knight says it is “not” a global boom, however, because many countries are seeing modest price growth, and four are seeing price declines. Home prices in Malaysia, Morocco, India, and Spain are down between about 1 and 2% year-over-year.“The House that SHE Built”The so-called “House the SHE Built” is making a debut at Utah's annual Parade of Homes. The 3,200-square foot custom-home was designed and built by an all-female construction team. It began as a local project in Sarasota Springs to encourage more women to take this career path, but grew into a national event that attracted women from across the country including engineers, designers, architects, landscapers, and skilled workers. Many provided the materials and the labor for free or at cost. (9)Proceeds from the sale of the home will be used in a number of ways to help women pursue a construction industry career. Some will go toward scholarships, while other funds will go toward charitable organizations geared to help women and educational events that teach young girls about home building opportunities.Check the show notes for links to further information about these stories at NewsForInvestors.com.Click here to join RealWealth now, it's free and only takes a minute!Links:1 - https://www.marketwatch.com/story/consumer-prices-soar-again-cpi-shows-and-shove-rate-of-inflation-to-a-13-year-high-116233286932 - https://www.marketwatch.com/story/jobless-claims-drop-to-post-pandemic-low-of-376-000-116233287723 - https://www.marketwatch.com/story/u-s-job-opening-leap-to-record-9-3-million-but-hiring-lags-well-behind-11623161366?mod=economic-report4 - https://www.marketwatch.com/story/u-s-consumer-sentiment-rebounds-in-june-11623421938?mod=economy-politics5 - http://www.freddiemac.com/pmms/#6 - https://www.builderonline.com/design/consumer-trends/housing-demand-remains-strong-as-the-industry-celebrates-national-homeownership-month_o7 - https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/real-estate-news-rising-home-equity-data-for-2021-corelogic-2021-housing-data-frank-martell-frank-nothaft-coronavirus-pandemic-impact-home-prices-in-2-12564.php8 - https://www.worldpropertyjournal.com/real-estate-news/turkey/istanbul-real-estate-news/real-estate-news-global-home-price-growth-in-q1-2021-knight-frank-global-home-price-index-for-2021-turkey-property-news-covid-pandemic-impact-on-globa-12556.php9 - https://www.builderonline.com/design/projects/all-female-built-home-makes-its-debut-at-utahs-annual-parade-of-homes_c

Mixed finish for stocks in a blizzard of earnings ahead of the end of a two day Fed policy setting meeting. Market analysis from Art Hogan, Chief Market Strategist, National Securities. Housing affordability gets worse in Los Angeles as home prices tick up 11.9% over the past year according to the latest S&P CoreLogic Case-Shiller home price index. The latest discussed with Dr. Frank Nothaft, Chief Economist, Corelogic. In Orange County, Colette's Children's Home www.coletteschildrenshome.com  is among the 20 OC non profit groups participating in the Help Them Home giving day event on Wednesday, April 28th to help the homeless. The homeless crisis and fundraiser discussed with Billy O'Connell, Executive Director, Colette's Children's Home.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Rebecca visits her dad and share news on her refinance. But a lot has changed since she was shopping for a new mortgage. She chats with Frank Nothaft, chief economist for the real estate analytics company CoreLogic, about what is causing rates to go back up and what he thinks the impact will be on affordability, home prices and home sales, then touches base with loan officer Jennifer Hernandez about how things are looking on the ground for mortgage originators. Connect with Rebecca Schuetz. Read the story: Mortgage rates are on the rise. What does that mean for the housing market? Support the show: https://offers.houstonchronicle.com/?offerid=125&origin=newsroom&ipid=podcast See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on Southern California real estate. Guests: Dr. Frank Nothaft, Chief Economist, Corelogic for our "Frank" discussion on real estate, the mortgage business and the economy. Corelogic has released its latest report on rents for single family homes. Jeff Lazerson, President, MortgageGrader.com and O.C. Register columnist has the latest on mortgage rates. Los Angeles City Councilmember Joe Buscaino, Chair of L.A.'s Trade, Travel and Tourism Committee, has an update on the waterfront redevelopment project in San Pedro and the massive infrastructure project underway at Los Angeles International Airport along with a discussion on L.A.'s economic recovery from the pandemic and solutions to L.A.'s homeless crisis.      Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

House prices are increasing at their fastest pace since the peak of the pre-Financial Crisis housing boom, fueled by shortfalls in supply and record-low mortgage rates. As a rising share of market participants adopt an auction mentality, economists and policymakers are growing concerned about overheating. In this segment, Dr. Frank Nothaft, Chief Economist of CoreLogic and former Chief Economist of Freddie Mac, joins Sam Chandan to discuss the latest CoreLogic data, the potential for a correction, the outlook for affordability, trends in the single-family homes for rent (SFR) market, and more. The Urban Lab is a non-partisan program featuring leaders in private industry, public service, and academia, who join us to share their views on improving all aspects of urban life, the competitiveness of cities, the housing market, and urban epidemiology and public health. The views expressed by guests are not necessarily those of the hosts or producers. For more information about the Urban Lab podcast and Dr. Sam Chandan, please visit samchandan.com/urbanlab. Follow Dr. Chandan and the Urban Lab on Twitter at SamChandan and UrbanLabPodcast.

Gov. Bill Lee signs permitless carry bill into law as Tennessee joins 18 other states, Las Vegas pushes to become first to ban ornamental grass, Kamala Harris: "For years and generations, wars have been fought over oil. In a short matter of time, they will be fought over water.", CIA's Fake vaccination program endangers us all, and ‘When is the housing market going to crash?' top Google search now. Gov. Bill Lee signs permitless carry bill into law as Tennessee joins 18 other states - source The Lee administration has estimated the legislation will cost the state as much as $20 million annually. The bill is backed by the National Rifle Association but opposed by the state's leading law enforcement groups, which have argued the change could increase crime and officer vulnerability. Las Vegas pushes to become first to ban ornamental grass - source A desert city built on a reputation for excess and indulgence wants to become a model for restraint and conservation with a first-in-the-nation policy banning grass that nobody walks on. Las Vegas-area water officials have spent two decades trying to get people to replace thirsty greenery with desert plants, and now they're asking the Nevada Legislature to outlaw roughly 40% of the turf that's left. Kamala Harris: "For years and generations, wars have been fought over oil. In a short matter of time, they will be fought over water." - source VP of the U.S. Kamala Harris refers to water as a commodity, referencing meetings on foreign policy that supposedly indicate the water wars are starting "in a short matter of time". CIA's Fake vaccination program endangers us all - source 1, source 2 In its zeal to identify bin Laden or his family, the CIA used a sham hepatitis B vaccination project to collect DNA in the neighborhood where he was hiding. The effort apparently failed, but the violation of trust threatens to set back global public health efforts by decades. ‘When is the housing market going to crash?' top Google search now - source Google reported last week that the search “When is the housing market going to crash?” had spiked 2,450% in the past month. At the start of this month, 42% of homes were selling for more than their list price, according to real estate brokerage Redfin. This was 16 percentage points higher than the same period a year earlier. “I have to admit I'm worried when I hear that. It does make me concerned,” said Frank Nothaft, CoreLogic's chief economist. Produced by The Wild 1 Media. Check out our other podcasts- https://darksidediaries.sounder.fm https://anchor.fm/ttmygh --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Stocks end the day at or near record highs. Bitcoin soars to a new high above $63K as the largest cryptocurrency exchange, Coinbase, is set for a direct listing on the Nasdaq. Both the SP500 and the Nasdaq close at all time highs. The Dow ended down 68 points, partially weighed down by shares of Johnson & Johnson which ended lower after U.S. regulators recommended a pause in administering its Covid vaccine to investigate reports of rare but potentially dangerous blood clots. The latest market action discussed with Art Hogan, Chief Market Strategist, National Securities. The latest readings on real estate, including mortgage delinquencies and foreclosures discussed with Dr. Frank Nothaft, Chief Economist at Corelogic and Oscar Wei, Deputy Chief Economist, California Association of Realtors.     Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focusing on Southern California real estate. Home prices tick higher. Fixed rate mortgage rates move up. Affordability and availability the big issues as the traditional spring home buying season begins. Rays of sunshine in commercial real estate as pandemic restrictions are eased. The very latest reports from Dr. Frank Nothaft, Chief Economist, Corelogic, Oscar Wei, Deputy Chief Economist, California Association of Realtors, Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Today's HousingWire Daily features a rerun Housing News Podcast interview that features Frank Nothaft, the chief economist at CoreLogic.  In this interview, Nothaft discusses how the COVID-19 pandemic has impacted the housing market's vitality as well as the economy. Notably, Nothaft also offers his housing market predictions for 2021. As we wrap the year, we are rerunning our favorite episodes from 2020.

This week, Frank Nothaft, the chief economist at CoreLogic, joins the Housing News Podcast to discuss how the housing market has fared in 2020.During the interview, Nothaft discusses how the COVID-19 pandemic has impacted the housing market's vitality as well as the economy. Notably, Nothaft also offers his market predictions for 2021.Here is a small preview of the interview with Frank Nothaft. The transcript below has been lightly edited for length and clarity:HW: Let's talk about CoreLogic's Forecast. What are you expecting for the first quarter and first half of 2021?Frank Nothaft: We're expecting mortgage rates to remain at record low levels, possibly well below 3%. I think that's going to be the case, not only at the start of the year but for most or all of 2021. That's going to be very important in stimulating home sales, and also refinance volume. However, I'm not expecting refinance volume in 2021 to hit the same numbers that we saw in 2020, but I think it's still going to be pretty strong. In fact, I actually expect refinance volume in 2021 to be more than it was in 2019. On the home sales market, we're actually expecting home sales to be up in 2021 compared to 2020. It will be because of new single-family construction and increases in existing home sales. Notably, over the last several months, we've had an acute shortage of existing homes for sale in the United States. Part of that acute shortage of inventory for sale is directly related to the pandemic.The HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.

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.

Carrie Kaufman talked with Nevada Current journalist Dana Gentry and Frank Nothaft, chief economist at CoreLogic about real estate prices in Las Vegas - which have weathered the pandemic pretty well. So far. Nothaft thinks they are headed for a nosedive within a year.

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the housing industry's role in reviving the U.S. economy.For some background on the story, here's a brief summary of the article:The housing industry got a bad reputation the last time the American economy tanked.Not the houses themselves – most of them are still in place, perhaps painted a time or two since 2008, now being used to home-school children and provide families with shelter from the worst pandemic in more than a century.It was, specifically, a risky sub-sector of home financing – subprime loans – that got packaged into bonds, stamped with Triple-A ratings and sold at huge profits to investors including pension funds and Wall Street banks. When banks started failing, it pushed the nation's financial system to the brink.Now, the housing industry has a chance to redeem its reputation by rescuing the American economy, said Frank Nothaft, chief economist of CoreLogic. Nothaft was the chief economist of Freddie Mac for 28 years, including the time of the housing crash and three years into the recovery.It's a familiar role for the nation's largest asset class: In every recession before the 2008 financial crisis, housing supported GDP as other industries faltered.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers The Treasury Department's Financial Crimes Enforcement Network's investigation into money laundering in the real estate industry, the National Multifamily Housing Council's latest report that indicates 80% of U.S. renters were able to make a rent payment in May and an announcement from New York Governor Andrew Cuomo to extend the state's eviction moratorium through August.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Look for housing to rescue the economy, Nothaft saysFederal government expands investigation into money laundering in real estateAbout 80% of renters were still able to make a rent payment this monthNew York extends eviction moratorium

Potential buyers and sellers are always asking about the market and in this episode we will bring you up to speed with the real estate market in Southern California. It slowed down toward the end of 2018. A sharp increase in mortgage rates was to blame and meant a drop in home sales. Since early 2019, mortgage rates have dropped and that has means a strong and robust market. We spoke to Frank Nothaft, the Chief Economist from Core Logic about the risk of recession and what it could mean for you if you plan to buy or sell.

Stocks make it five losing days in a row on the February jobs report, showing weaker than expected hiring, capping the worst week for the market so far in 2019. Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, offers market analysis, thoughts on the 10th anniversary of the bottom of the 2009 bear market and where stocks and the economy go from here. The Los Angeles Business Federation, LA Biz Fed, leads a delegation of LA business leaders to Sacramento. Dr. Frank Nothaft, Chief Economist, Corelogic, gives us the latest readings on LA real estate prices, sales and outlook. Plus more insights on mortgage rates and what's hot and what's not in the area's real estate market.Support the show: https://www.frankmottek.com

Renewed concerns about U.S. China trade weigh on financial markets. A late turn around sends major averages slightly higher for the week. The 2019 rally continues. Southern California home prices level off and sales drop as affordability continues to be the #1 issue for home buyers. Dr. Frank Nothaft, Chief Economist, Corelogic talks real estate. The Latino Coalition set to unveil new tools for small business. Los Angeles Mayor Eric Garcetti talks about the return of the Grammy's to L.A. and the business outlook for 2019 ahead of the LAEDC's economic forecast event. A top Cedars Sinai heart doctor says money troubles can lead to heart troubles - a subject addressed at the annual Dr. Sheila Kar Health Foundation Valentines event in Beverly Hills. Support the show: https://www.frankmottek.com