Over the next few years, it's estimated that nearly a trillion dollars will be spent on data centers, semiconductors, and power grid upgrades. And this is all just to meet the growing computational needs of AI technologies. In fact, industry estimates suggest that global data center capacity could double by 2030, but this growth is far from straightforward.As AI technologies like generative AI continue to expand, the infrastructure needed to support them is growing at an unprecedented rate. However, data centers cannot just be built anywhere. Placement of new data centers isn’t just about finding enough land — it’s about balancing proximity to power plants, high-capacity transmission lines, and broadband infrastructure, while also considering environmental factors.Location intelligence plays a pivotal role in this expansion.In this episode of Core Conversations, host Maiclaire Bolton Smith and Joe Francica, Principal Product Manager in CoreLogic’s Location Intelligence Group discuss how geospatial tools can help mitigate some of these risks by identifying locations that are less vulnerable to natural hazards while also balancing the need for power and broadband access. As AI continues to evolve and the demand for data centers grows, having access to detailed geospatial data will give companies a strategic advantage in making informed, forward-looking decisions.In This Episode:2:11 – How much data center capacity will AI technologies (and their power consumption) require?4:49 – Why is AI consuming so much energy?8:55 – Which energy sources are data centers using and where are they generally located?9:31 – How does the availability of broadband play into the equation?10:40 – How does climate resilience come into play when looking for optimal locations of data centers?13:04 – how is proximity to an electrical grid or transmission facility part of the equation?14:29 – Erika Stanley does the numbers in the housing market in The Sip.15:40 – How are all the variables for optimum data center placement weighted. Is there a hierarchy of importance?16:42 – Where is the optimal place in the U.S. for data centers?20:05 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.20:59 – Where is AI is going to take us in terms of the demand for the data centers, and what do companies that are trying to get ahead of the curve need to think about?Up Next: What Makes Geospatial Data Unique for Expanding Telco Infrastructure?Links: Hazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Affordability remains a persistent challenge in the U.S. housing market. With increasing concerns over housing costs, particularly post-pandemic, the affordability crisis has grown to affect millions of households across the country. With nearly one-third of American households now considered cost burdened, the crisis has reached national prominence, even making its way into recent presidential addresses.In this episode of Core Conversations, CoreLogic Senior Vice President of Public Policy and Industry Relations, Pete Carroll discusses key factors behind this, including income inequality, the undersupply of housing, and outdated zoning laws. Carroll also touches on potential solutions like light-touch density, alternative housing types like townhomes and tiny homes, and the role of government land and subsidies in addressing the crisis.Whether you’re a homebuyer, policymaker, or industry professional, this episode unpacks the realities behind America's housing affordability crisis and discusses what it will take to find lasting solutions.In This Episode:2:18 – What exactly is the definition of “affordability” and how big of an issue is it across the U.S.?5:06 – Do certain areas of the country or particular populations have a more pronounced affordability problem?6:26 – How did we get into this affordability crisis?10:13 – Are homebuyers even looking for single-family homes? Are starter homes at the crux of the affordability issue?11:28 – What are the opportunities to lessen the burden of homeownership?14:41 – Erika Stanley does the numbers in the housing market in The Sip.16:27 – How does zoning affect affordability?20:27 – How do building codes affect affordability?23:31 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.24:08 – What are the first steps to “curing” the affordability crisis in the U.S.?Up Next: What Is the Affordable Housing Crisis?Links: Why Valuing Barndominiums, Tiny Homes Needs the Cost ApproachHazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

As cities across the country grapple with the rise of platforms like Airbnb and VRBO, the implications for the property industry are becoming more complex. How do you accurately value a property that doubles as a business? What happens when local regulations change?Despite the lingering questions in the industry, the rising demand for vacation homes and the allure of short-term rental platforms have carved out a significant niche in the market. However, their increasing popularity brings new challenges, particularly for appraisers, lenders, and underwriters who must navigate the complexities of valuing these unique assets.As housing affordability concerns grow and the U.S. faces a persistent housing shortage, some communities are clamping down on short-term rentals and imposing stricter regulations. Yet, despite these restrictions, short-term rentals are far from disappearing. Instead, they’re evolving, requiring a fresh approach to property valuation that considers not just the physical attributes of a home, but its potential as a revenue-generating business.In This Episode: 2:19 – Why are short-term rentals (STR) currently a hot topic in the appraiser industry?3:38 – Why does the business aspect of an STR make it unique for valuation?8:34 – What happens when an owner-occupied property is turned into a STR? Does the valuation change?10:00 – Can any appraiser value an STR?12:52 – How do 1007 forms apply to STRs?16:08 – Erika Stanley does the numbers in the housing market in The Sip.17:28 – What happens if a homeowners association steps in and determines that STRs are no longer allowed?20:01 – What does the process of getting a loan on a STR look like?22:45 – Where are things headed for appraisers looking to value STRs?25:32 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.Up Next: Appraising PropTech Innovation: Do Short-Term Changes Have Long-Term Effects?Links: Marshall & Swift®: Foundational Property ValuationsHazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Extreme heat doesn’t just challenge our physical endurance; it has a ripple effect on nearly every aspect of our lives. From contributing to the intensification of natural disasters like hurricanes and wildfires to affecting property values, insurance risks, and even migration patterns, rising temperatures are worth paying attention to.As natural disasters continue to accelerate in pace and intensity, it’s becoming clear that both homeowners and businesses must adapt to a new normal—one where extreme heat and its related perils are key considerations in every decision.In this conversation, host Maiclaire Bolton Smith talks to CoreLogic's Chief Scientist, Dr. Howard Botts to discuss how extreme heat is reshaping the property landscape. The conversation touches on the evolving risks that both homeowners and insurers must navigate as well as how extreme heat is affecting business considerations.As the conversation explores these challenges, the pair also looks at how communities and businesses are beginning to adapt, using new technologies and strategies to build resilience against a hotter future.In This Episode:2:08 – What is extreme heat, scientifically speaking?5:10 – What are the impacts of extreme heat from a property perspective?7:12 – How many U.S. properties are exposed to extreme heat and what is the value of those exposed properties?10:03 – Erika Stanley does the numbers in the housing market in The Sip.11:27 – How will additional days of extreme heat make natural disaster events worse?15:53 – What are the knock-on effects of accelerating natural disasters on climate change?19:22 – Do businesses have extreme heat on the radar as a peril that affects bottom lines?21:03 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.22:51 – How will extreme heat affect land-use planning and climate resiliency?Up Next: The Most Climate-Resilient Places to Live in the US According to Data ScienceLinks: What Drives Public Perception of Climate Migration?Hazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Have you ever wondered what happens to communities when climate change forces people to move?The economic and social ramifications are both complex and far-reaching. From community fragmentation to insurers potentially refusing coverage in high-risk areas, there are profound consequences stemming from not adapting to a climate in which natural disasters are accelerating.Dr. Kaitlin Raimi, an associate professor of public policy at the University of Michigan, has researched the multifaceted nature of climate migration, and in this episode of Core Conversations, she sits down with host Maiclaire Bolton Smith to examine how regions like the Rust Belt might emerge as new havens for climate migrants and what measures communities can adopt to enhance their resilience. Dr. Raimi and Maiclaire also discuss the potential for policies to help communities adapt and support their residents in the face of climate change.In this episode, explore how Americans view climate migrants, how policies could become a crucial factor influencing climate migration, and what the broader impacts of migration may mean for American society and the economy.In This Episode:1:38 – What is climate migration and where do migrants typically originate from?3:32 – How is the U.S. public reacting to major natural disasters and how are these disasters influencing migration patterns?5:06 – Will it require insurers to cease writing new policies to raise awareness about the impact of accelerating natural disasters?8:30 – How are U.S. communities perceiving the influx of migrants from wildfire-prone or hurricane-prone states?10:38 – Why are the Rust Belt states gaining attention as a climate haven?12:53 – Erika Stanley goes over the numbers in the housing market in The Sip.13:50 – What are some adaptability measure that are available to keep people in their communities?18:59 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.20:27 – What is the future of climate change migration and what ripple effects will this have at the national level?Up Next: University of Miami Researcher Weighs in on Key 2024 Hurricanes Season TrendsLinks: Hazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Ever wondered how a hurricane might impact the financial sector, or why granular data on property locations is essential? Curious about how these findings might influence future governmental policies and corporate risk management strategies?The Federal Reserve Board (FRB) was too. This year, the FRB asked six major U.S. banks to scrutinize their resilience to physical climate risks. This pilot study aimed to understand the financial stability of the mortgage loan ecosystem in the face of accelerating climate risk, and the results revealed significant data gaps and reliability issues that banks need to address.The identification of these gaps underscores the need for detailed, data-driven understanding when measuring the evolving impact of climate risk. To discuss the link between understanding climate risk and financial stability, Kent David, Director of Hazard Science and Analytics Consulting, and George Gallagher, Director of Climate Risk and Natural Hazard Solutions join Core Conversations host Maiclaire Bolton Smith. In this episode, the trio discusses how the banks approached climate risk, the challenges of integrating granular data, and the critical importance of understanding insurance market dynamics in this context.In This Episode:2:08 – Why is the Federal Reserve Board (FRB) looking at the intersection between climate risk modeling and enterprise risk management?5:09 – What exactly did the FRB find in their pilot study?8:15 – Erika Stanley goes over the numbers in the housing market in The Sip.9:23 – The FRB study found that there was limited data and limited reliability in model output. What does that mean?13:40 – How will more granular data help improve models? And what exactly qualifies as quality granular data?16:45 – Why can’t historical climate patterns be used for forecasting models?18:27 – What are some of these consequences that the different industries might be facing in the wake of accelerating climate risk?21:58 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.22:35 – Is it possible to anticipate what may happen long-term with the climate and how it will affect business operations?Up Next: SEC Climate Disclosure Guidance Timeline Pause: Why Companies BenefitLinks: SEC Climate Disclosure Guidance Timeline Pause: Why Companies BenefitSEC Final Climate Disclosure RuleHazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here:

As the 2024 Atlantic hurricane season approaches, the climate signals are anything but typical. The transition from El Niño to La Niña and unprecedented sea surface temperatures in the Atlantic have meteorologists and communities paying close attention to the potential severity and frequency of this year's hurricane potential.Warmer ocean temperatures can fuel more intense hurricanes that cause widespread destruction, including severe flooding and wind damage, as well as long-term economic and social disruptions. With coastal populations growing, the consequences of a major hurricane can be catastrophic. The combination of this season’s meteorological patterns and growth along the Gulf Coast underscores the need for proactive planning and resilience.In this episode, Brian McNoldy, a senior research associate at the University of Miami's Rosenstiel School of Marine, Atmospheric, and Earth Science talks to podcast host Maiclaire Bolton Smith to explore the implications of current climate conditions and how they might influence hurricane activity for the 2024 season. The discussion will also include an exploration of how communities should prepare for a hurricane season that is expected to be quite active.In This Episode:1:55 – What can we expect from the 2024 hurricane season?3:33 – To what degree do the current metrological phenomena make this season unprecedented?6:56 – Why didn’t ocean temperatures result in an extreme hurricane season in 2023?9:17 – Why doesn’t a major hurricane year always equate to a large loss year for insurance?11:08 – Erika Stanley goes over the numbers in the housing market in The Sip.12:28 – What does sea level rise mean for hurricane season?15:06 – Is there still room for the National Hurricane Center to reduce incertitude in its cone of uncertainty models?19:33 – How do hurricane models differ and how can they be interpreted for different uses?23:12 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.23:58 – Where can you find more of Brian McNoldy’s research?Up Next: Building Codes Cost. But What is Resiliency Actually Worth?Links: Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

As the landscape of the housing market continues to evolve, one topic continues to remain at the forefront: affordability.It’s a topic we frequently explore on this podcast because it touches every facet of the property market, including the rising costs of construction. With more people moving to more affordable regions, there’s a notable impact on both home prices and the costs associated with building new homes.As inflation remains elevated, people are migrating to more affordable areas, and the construction industry is feeling the strain with a shortage of workers, causing affordability to erode.Building a house involves numerous components — drywall, copper pipes, shingles, and more. Each of these materials, along with labor costs, plays a significant role in the overall price of construction. While the prices of materials have decreased since their peak during the pandemic, the overall cost of building remains a challenge due to labor shortages and other economic pressures.To delve deeper into the dynamics between material and labor costs and affordability in the housing market, host Maiclaire Bolton Smith is joined by Jay Thies, associate vice president of Pricing Analysis and Delivery at CoreLogic.In This Episode:2:30 – What has changed in recent months in terms of construction and labor prices?5:59 – How will declining material costs influence new construction trends?7:45 –  Erika Stanley goes over the numbers in the housing market in The Sip.9:24 – There is increasing interest in the construction trades. How will this affect the property market long-term?12:11 – How are natural catastrophes affecting labor and material costs?13:31 – Is there a correlation between population migration patterns and the price of labor and materials?16:29 – In which markets are construction prices cooling off?17:24 – Crystal Ball: What does the future of labor and material costs look like?19:35 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.Up Next: Is There Actually a Lumber Shortage?Links: Construction Cost Update ReportTexas Hail(ed) 2023 a Record-Breaking Year for Insured LossesHazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

As the frequency and severity of natural catastrophes intensify, the need to strengthen the resiliency of communities against these perils is increasingly urgent. Building codes are a critical tool in this endeavor. However, their adoption and enforcement vary significantly across states. A recent report from the Insurance Institute for Business and Home Safety (IBHS) underscores the lack of uniformity in building code implementation among states vulnerable to hurricanes.While some states, like Florida, have stringent codes that help to reinforce home resilience, other states like Texas grapple with disparities in code adoption, amplifying vulnerability to hurricane-related damages.This divergent approach to building codes has far-reaching implications for disaster preparedness and response.With the arrival of the 2024 hurricane season, understanding the intersection between building codes, community resilience, and climate change is key for entities developing mitigation strategies anchored in resilience.To talk about the importance of building codes, address concerns regarding up-front costs versus long-term benefits, and discuss the success of stronger structures in weathering storms, Host Maiclaire Bolton Smith is joined by CoreLogic's Director of Catastrophe Response, Jon Schneyer.In This Episode:2:41 – Why are building codes so important, and how can older buildings be retrofitted to code?6:18 – Examining one of the most famous examples of building codes in action.8:04 – Erika Stanley goes over the numbers in the housing market in The Sip.9:14 – Looking at the differences between Texas and Florida building codes, according to the IBHS report.11:21 – Is mitigation through building codes a financially sound investment?14:36 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.15:41 – What could the inconsistent use of building codes in Texas mean if a strong hurricane hits the state this year?17:52 – How is hurricane risk developing, and how can you understand your risk?Up Next: SEC Climate Disclosure Guidance Timeline Pause: Why Companies BenefitLinks: Texas Hail(ed) 2023 a Record-Breaking Year for Insured LossesIBHS Research Report: Rating the States 2024Hazard HQ Command CentralRead CoreLogic Intelligence Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

A full 67% of IT senior leaders are prioritizing generative AI for their businesses, according to Salesforce data. This statistic underscores the growing importance of AI in today's business landscape and highlights the urgency of understanding its implications.Although AI is not new technology, over the past couple of years, it has reshaped industries. But with its rise comes a myriad of questions and concerns, ranging from technical complexities to ethical implications.From forecasting floods to streamlining insurance claims, AI is revolutionizing how we interact with property data and make decisions. But as we navigate this technological landscape, we must also address the ethical dimensions of AI, ensuring fairness, transparency, and accountability.In this episode, host Maiclaire Bolton Smith and Amy Gromowski, CoreLogic vice president, head of Data Science, delve into these questions surrounding AI, exploring its potential, challenges, and ethical considerations.In This Episode: 2:35 – Explain AI like I’m a five-year-old.5:31 – AI not new technology. How long has CoreLogic been using it?7:05 – Why is data security and integrity so crucial for AI models?10:03 – Erika Stanley goes over the numbers in the housing market with The Sip.11:12 – What can we do to limit implicit bias and explicit bias in AI models?15:52 – What does it mean to responsibly use AI?18:48 – Erika Stanley talks about what is happening in the world of natural disasters. 20:19 – What will widespread adoption of AI look like for the property industry? Will this ever transpire?Links: Hazard HQ Command CentralRead CoreLogic Intelligence Up Next: Some Insurers Banned AI — Will Insurtech Bring It Back?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

As housing prices remain elevated, it's crucial to examine the other side of the coin, where worries about affordability linger despite the substantial equity many homeowners have amassed.In a housing market characterized by high prices, soaring equity, and ballooning consumer debt, it is worth examining mortgage delinquency and foreclosure rates, which are currently hovering around historic lows. But what's behind this trend, and what does it signify for the future of the housing market and real estate?In this episode, host Maiclaire Bolton Smith and CoreLogic Principal Economist Molly Boesel examine the monumental increases in home prices over the past decade, the subsequent strain on affordability, and how these trends have been exacerbated by a surge in mortgage rates and a persistent scarcity of housing supply. Compounding the market complexity is the relationship between mortgage delinquencies and consumer debt. Nevertheless, amidst these challenges, mortgage delinquencies are at historic lows, buoyed by a robust job market and homeowners' substantial equity cushions.Maiclaire and Molly unpack how rising prices for essentials like groceries and gas are stretching household budgets and how people can navigate through the uncertainties of potential economic shifts while maintaining an optimistic outlook for the housing market.In This Episode:1:54 – What is the state of affordability in the U.S. economy?3:26 – How are mortgages affected by overall real estate market trends?5:15 – Why is it important to track mortgage delinquencies?7:49 – How does rising consumer debt affect property owners’ ability to pay mortgages?  Is it a leading indicator that there may be more late payments soon?11:15 – What is the status of foreclosures in the market?12:42 – How are mortgage servicers using equity to protect property owners from late payment and foreclosure?15:46 – Erika Stanley goes over the numbers in the housing market in The Sip.17:08 – How have home equity gains differed across the U.S.?19:52 – Are there certain states where the potential for mortgage delinquencies is higher?20:35 – Erika Stanley reviews natural catastrophes and extreme weather events across the world22:00 – What does the future look like for mortgage delinquencies are foreclosures?Links: Hazard HQ Command CentralRead CoreLogic Intelligence Up Next: Are Investors and Interest Rates Abolishing the Dream of Homeownership?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Whether you're valuing, insuring, underwriting or even simply buying and selling real estate, understanding the nuances of property valuation is crucial.But why do homes have so many different values and what role does each value play in the grand scheme of things? From market value to insurable value to the cost approach, who you are and what type of value you’re looking for plays a pivotal role in how you consider property values.But then there is the world of unconventional homes like barndominiums and tiny houses.In this episode, host Maiclaire Bolton Smith and Ed Martinez, director of industry solutions at CoreLogic, discuss how a home's location, size and effective age make the cost approach an excellent benchmark when valuing these unique properties.In This Episode: 2:12 – An explanation of why there are different values on the same property.3:26 – What is the cost approach and why can’t all property valuations be uniform?5:38 – How does the value of land factor into overall valuations?6:58 – How do you influence the effective age of a structure? Is it really kitchen and bathroom remodels?8:42 – Erika Stanley goes over the numbers in the housing market in The Sip.10:05 – Why are barndominiums so popular right now?12:27 – For non-traditional homes, why is the cost approach the most accurate method?15:22 – How much of a cost savings do barndominiums offer, really?18:12 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.19:22 – What are the most important factors when assessing the value of a home?Links: Hazard HQ Command CentralRead CoreLogic Intelligence Up Next: Which U.S. Metros Sit in the Crosshairs of Remote Work Migration?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

On March 6, 2024, the Securities and Exchange Commission (SEC) sent shockwaves through the financial world by mandating that publicly traded companies disclose details about how climate change affects their businesses. However, this rule hit a roadblock on April 4 when legal challenges led the SEC to pause the implementation timeline, throwing compliance requirements into uncertainty.While the future of this rule is in limbo, the implications of such a mandate for businesses, investors, and the economy are immense. Should the SEC reinstate the rule following litigation, it will be a fundamental shift in how corporations assess and report climate-related risks, potentially reshaping investment strategies and business models.To navigate this labyrinthine, we're joined by Russell McIntyre, a seasoned policy analyst at CoreLogic. Russell sheds light on the intricacies of the SEC ruling, dissecting its reporting requirements and the implications of the uncertain implementation timeline.This discussion also covers the reasons why, despite this pause in implementation, businesses should prepare for these reporting requirements and what data and analysis future compliance will require.In This Episode: 1:56 – What happened with this SEC ruling? What does the stay mean for implementation timelines?4:07 – What is the mood on Capitol Hill following the pause on this landmark rule?5:43 – What happened to make the SEC put these rulings into effect now?8:45 – What are the reporting requirements in this rule?11:06 – Even though there’s a pause, why should companies still prepare for this type of reporting?13:46 – Erika Stanley does the numbers in the housing market in The Sip.15:03 – Russell and Maiclaire discuss what parts of the rule they wish weren’t removed.16:49 – Why insurance recovery data may soon be public investor information.19:49 – How can companies gather the necessary data to comply with these rules in the future?20:28 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.21:37 – Is this just the first step in a larger effort to disclose climate risk?Links: Study Shows Economic Impacts of Greenhouse Gas Emissions | DartmouthSEC Final Climate Disclosure RuleHazard HQ Command CentralRead CoreLogic Intelligence Up Next: Can Property Data Accurately Predict Shifts in the Property Market?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

In today's ever-changing property market, decisions can be swayed by fluctuating interest rates, population shifts, affordability concerns, and climate challenges. However, one constant remains to provide a clear path forward: data-driven insights.From guiding high-level business decisions to shaping regulatory policies, data has become the cornerstone for professionals navigating the property market. But with the proliferation of data comes the challenge of harnessing its potential. Where does one begin when seeking actionable insights in a sea of information?It all begins with technologies that can translate the vast quantities of data collected within the property industry into insights that inspire action. Whether it’s the transformative power of geospatial data, the role of predictive analytics in risk mitigation, or the implications of emerging technologies like generative AI, these technology solutions will leave their marks on the future of the property business.In this episode of Core Conversations, host Maiclaire Bolton Smith sits down with CoreLogic’s Chief Innovation Officer John Rogers to dive into the untapped potential of data and its profound impact on the future of real estate. In This Episode:2:40 – What is Climate Risk Analytics and how does it help mitigate the financial impact of climate change that the SEC now requires?5:24 – Can banks, companies, and homeowners see the effects of a changing climate on a single property?8:12 – What kind of data is needed to power forecasting efforts and define development plans?10:40 – How does geospatial data help define wildfire risk? What else can it help enterprises determine?13:33 – Erika Stanley does the numbers in the housing market in The Sip.14:51 – Have there been any surprising migration patterns that geospatial data has identified?17:31 – Who is John and why does he always have a giant screen?20:28 –  Erika Stanley reviews natural catastrophes and extreme weather events across the world.21:51 – How can we ensure that there are good data inputs powering gen AI to avoid the consequences of the adage “garbage in, garbage out”?Links: Hazard HQ Command CentralRead CoreLogic Intelligence Up Next: Some Insurers Banned AI — Will Insurtech Bring It Back?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

In the telecommunications industry, navigating infrastructure investments to draft a road map for 5G success is a complex but necessary undertaking. Success requires both location intelligence and geospatial data.As the needs for 5G infrastructure increase in parallel with the demand for connectivity for everything from core networks to self-driving cars and wearable devices, it’s imperative to not only understand how much connectivity to provide today but also where it will be needed tomorrow.From respecting regulatory compliance to pinpointing growth hot spots, host Maiclaire Bolton Smith and guest Joe Francica, a principal on the location intelligence product team, discuss how infrastructure planners in the telco industry can get ahead in the race for connectivity supremacy.In This Episode2:11 – What is the difference between location intelligence and geospatial data, and how dramatically can the data points influence infrastructure project placement?4:55 – How can the infrastructure required for the expansion of 5G networks rely on location intelligence?8:55 – Are there any particular regions seeing especially high demand for bandwidth?11:02 – Erika Stanley does the numbers in the housing market in The Sip.12:59 – What is the first step to define a target area for 5G infrastructure expansion?14:36 – Compliance and regulation considerations are woven into the telecommunications industry, how can location intelligent data help ensure compliance?17:18 – Why is rural 5G infrastructure a big deal?18: 02 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.Links: Hazard HQ Command CentralRead CoreLogic Intelligence Up Next: Which U.S. Metros Sit in the Crosshairs of Remote Work Migration?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Soaring U.S. rental prices have prompted discussions about the nation's trajectory towards a renter-centric society.From the exorbitant rental prices in Miami to the ongoing wisdom that homeownership is an advantageous financial decision, as renters and homeowners search for affordability and stability, they will need to navigate an increasingly complex market.With rental costs experiencing a staggering 30% increase over a three-year period, this episode of Core Conversations examines various factors contributing to this phenomenon, including a severe shortage of rental properties, heightened demand from new households, and the impact of high mortgage rates on homeownership rates.As Americans search for solutions to growing rental prices, build-to-rent communities have stepped into this dynamic. These developments offer solutions to the rental supply crisis but also raise questions about the long-term impact of these communities on local economies and housing market dynamics.In this episode, host Maiclaire Bolton Smith and CoreLogic Principal Economist Molly Boesel discuss the complex interplay between economic factors, housing policies, and societal trends shaping the rental landscape in the United States.In This Episode2:29 – Why are rents so expensive? Is the lack of affordability transforming the U.S. into a land of renters?7:38 – How does the recent 30% increase in rental prices compare to the long-term average? How do rent-controlled apartments skew the growth?9:10 – Looking at regional rent affordability and what happened in Miami.10:15 – How is the rental economy distributed between single-family and multifamily units? Is the build-to-rent economy further tipping the balance?           16:46 – Who is investing in these build-to-rent communities? Is it venture capitalism? Banks? Individual investors? And how are these communities impacting local economies?17:39 – Erika Stanley goes over the numbers in the housing market.18:39 – How are high rental prices correlated with the slowdown in homeownership rates?19:48 – Why are first-time homebuyers still making up a large share of buyers despite high interest rates?         21:42 – Erika Stanley reviews global natural catastrophes and their effect on the insurance market.23:00 – Are there advantages to being a renter versus a homeowner even in the current rental market?Links: Hazard HQ Command CentralRead CoreLogic Intelligence Up Next: Why US Property Retains Its Value Compared to Other Global MarketsFind full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

It already seems like 2023 is long ago, but the consequences of natural disasters and the lessons we’ve learned from them are far from the past.Record-breaking hailstorms; devastating wildfires in Lahaina, Hawaii; and other catastrophic events made global headlines, and for good reason. Historical patterns are changing – just look at the increasing rapid intensification of storms and sea-surface temperatures. However, changing climate patterns do not mean that there is no way to ensure resilience.Research, property data, stringent building codes, and a commitment to preparedness are all lessons that insurers and homeowners can glean from 2023 to get ready to mitigate property risk for the 2024 season.In this episode, host Maiclaire Bolton Smith and CoreLogic Director of Catastrophe Response Jon Schneyer look into what happened in the world of natural catastrophes in 2023. They also examine what we can learn from these events to give listeners a deeper understanding of the complex interplay between weather phenomena, human settlement patterns, and disaster response strategies.In This Episode1:34 – What is the biggest natural catastrophe story from 2023, and why was it record-setting?4:04 – Looking into how population growth centers are increasing hail damage costs.6:20 – What dominated international headlines for natural catastrophes – it wasn’t hurricanes.8:52 – Erika Stanley goes over the numbers in the housing market in the Sip.10:12 – How did El Niño and sea surface temperatures interact to influence hurricane season 2023?13:35 – Wildfires in California were tempered, but will this continue in 2024?16:17 – Why were the wildfires in Maui so devastating?18:45 – What can we learn from these devastating natural catastrophes? (Hint: Building codes are important.)21:42 – Erika Stanley discusses current natural catastrophe events.Links:Hazard HQ Command CentralRead CoreLogic IntelligenceUp Next: Are Insurers Prepared for an El Niño-Fueled Hurricane Season?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

Insurance is a topic of perennial interest, but it is not often discussed for furthering cutting-edge technologies like generative AI and machine learning. However, Insurtech, with its ability to redefine business models and leverage cutting-edge technologies, has left an indelible mark on the insurance industry landscape.Whether it’s a homeowner navigating insurance policies or an industry professional charting the course for future business growth, Insurtech’s broad reach has enabled companies to take on new types of risks to reshape risk management strategies in the face of evolving climate risk and changing regulations. In this episode of Core Conversations, host Maiclaire Bolton Smith sits down with InsTech CEO Matthew Grant. The two unpack just how far the industry has come and how far things still need to go as bleeding-edge technologies come to the forefront of the international conversation and stand to bridge the gap between this traditional industry and the evolution of consumer expectations.In This Episode:3:13 – How insurance won out over technological innovations, leaving homeowners to purchase policies in a traditional manner.4:22 – So why did technology revolutionize the way insurers underwrite policies?7:22 – As data leads to increased visibility for risk, how does that affect insurers ability to offer coverage?8:40 – How tech tools put the power in the hands of a policyholder to speed up the claims process.10:17 – Where does AI have the most potential to expedite the claims process?12:52 – Erika Stanley goes over the numbers in the housing market with The Sip.13:55 – Will generative AI and algorithmic underwriting define the future of insurance decisions?16:05 – Why has reinsurance been so quick to adopt new technology?18:43 – Erika Stanley talks about what is happening in the world of natural disasters.20:21 – Is the Insurtech revolution over, or is it only beginning?Links:RAA Conference: Cat Risk Management 2024InsTech PodcastHazard HQ Command CentralRead CoreLogic IntelligenceUp Next: How Will Property Data Help Manage the California Insurance Crisis?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3HFslXD4 Copyright 2024 CoreLogic

As the claims and restoration business adapt to pressures of surging inflation, persistent labor shortages and the escalating frequency of natural disasters, automation has emerged as an investment avenue to help streamline processes and enhance efficiency.However, not all technology solutions are created equal. In an industry when data fidelity is crucial for those in the field and automation is increasingly a stopgap amid ongoing staffing challenges, the insurance claims industry is increasingly seeking solutions that address these hurdles, while adhering to complex requirements from industry standards.Discover the evolving landscape of insurance claims, the challenges it faces and the innovative solutions technology provides. Stay tuned for insights into the future, where CoreLogic Senior Principal of Industry Relations Brandon Burton unveils Mitigate, CoreLogic’s groundbreaking field documentation tool set to revolutionize data fidelity and reduce the time burden on technicians.Find out more about CoreLogic's Mitigate productIn This Episode:1:57 – How has technology altered the claims side of the insurance industry?4:08 – Why hasn’t technology already solved existing challenges within the industry?5:43 – What are some recent changes to industry standards and how have they specifically impacted the industry?8:15 – How dramatically are labor shortages affecting the claims and restoration industries?10:19 – Erika Stanley goes over the numbers in the housing market in The Sip.11:56 – How can automation help alleviate the strain imposed by labor shortages?13:03 – The American National Standards Institute maintains a list of industry standards; which standards are upcoming and which are up for revision?14:53 – Erika Stanley talks about what is happening in the world of natural disasters.16:36 – What is on the horizon for claims professionals?18:49 – What is Mitigate, and why is it going to facilitate industry advancement?Links:Brandon Burton's Podcast: Technically SpeakingHazard HQ Command CentralRead CoreLogic IntelligenceUp Next: How Will Property Data Help Manage the California Insurance Crisis?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt4 Copyright 2024 CoreLogic

In the first episode of Season 4 of Core Conversations, Host Maiclaire Bolton Smith and CoreLogic Chief Economist Selma Hepp dive into the aftermath of the pandemic's influence on migration patterns and how remote work has reshaped the housing landscape.While the pandemic may no longer dominate headlines, it continues to exert its influence. Remote work opportunities flourished, prompting an exodus from high-cost coastal metros to more affordable regions. This migration then spurred home price inflation across the country, while also altering income distribution, patterns of gentrification and urban sprawl.The consequences for major cities are profound. Already, large metros have been presented with challenges in retaining high-wage workers, navigating shrinking tax bases and facing declining home prices. Conversely, smaller towns have experienced upticks in wages and local spending.This episode explores the ripple effects of these changes, discussing how cities like San Francisco and New York are adapting and how smaller, more affordable metros are seizing opportunities. Similarly, going forward, it will be critical to ponder the long-term consequences of remote work on cities' functions and how they can reinvent themselves.LinkedIn Remote Work StudyFannie Mae study: Remote Work and Housing Location PreferencesSelma Hepp's Op-Ed on pandemic migrationRead CoreLogic IntelligenceCopyright 2024 CoreLogic In This Episode:2:29 – What is "pandemic migration" and how did remote work enable this trend?4:05 – Will there be any long-term consequences for cities and towns from remote work migration?7:06 – What are the economic and housing market implications of migration to more affordable areas?10:28 – Erika Stanley goes over the numbers in the housing market in The Sip.12:13 – What is the future for America's high-price cities and tech hubs?16:11 – How will migration influence the future of small towns?17:33 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.18:40 – How have U.S. home prices fared in the face of this continued migration? 22:44 – How have high interest rates affected migration trends and home prices?Links:Read CoreLogic IntelligenceRegister for INTRCONNECT...