In this episode of the Top of Mind podcast, Mike Simonsen sits down with Selma Hepp, Chief Economist at CoreLogic, to get her take on what’s happening in the housing economy. Selma shares her views on inflation vs. recession risk, talks about how climate change and geopolitical dynamics are impacting the housing market, and looks at which drivers will finally help increase inventory for home buyers. She also highlights what surprised her about the economy in 2022, and what to watch for this year. About Selma Hepp Selma Hepp is the Chief Economist for CoreLogic, America’s largest provider of advanced property and ownership information, analytics and data-enabled services. Selma leads the economics team, which is responsible for analyzing, interpreting and forecasting housing and economic trends in real estate, mortgage and insurance. Prior to joining CoreLogic in 2020, Selma was Chief Economist and Vice President of Business Intelligence for Pacific Union International, later acquired by Compass, where she oversaw the vital economic and technology intelligence to drive the expanding brokerage’s success. Selma also held the role of Chief Economist for Trulia; Senior Economist for the California Association of Realtors; and Economist and Manager for Public Policy and Homeownership research for the National Association of Realtors, as well as a special research assistant at the U.S. Department of Housing and Urban Development. Selma frequently appears on local and national radio and television programs and has been widely quoted in The Wall Street Journal, The New York Times and many industry trade publications such as National Mortgage News and HousingWire. Selma received the HousingWire Women of Influence Award in 2022. She has served as president of the Los Angeles chapter of the National Association for Business Economics (NABE), NABE Real Estate Roundtable co-chair, Board member of the International Student Exchange Program, Advisory Board member of the REALTOR® University Research Center Editorial Review and a Member of the Housing Policy Debate Editorial Advisory Board. Selma held a Real Estate Associate professional license in Florida and Virginia. Selma graduated from the State University of New York, Buffalo with an M.A. in Economics and holds a Ph.D. from the University of Maryland. Here’s a glimpse of what you’ll learn: Why inflation is a bigger risk to the housing market than recession is What’s happening with first-time homebuyers Why the Ukraine war creates risk in the US housing market Climate change and CoreLogic’s new climate risk platform Which drivers will finally help increase inventory for home buyers How small investors increasing market share over big institutional money Whether vacant offices can be converted into affordable housing? Featuring Mike Simonsen, President of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Selma Hepp on LinkedIn Selma Hepp on Twitter CoreLogic CoreLogic Office of the Chief Economist Mike Simonsen on LinkedIn Altos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!
