CoreLogic Market Trends is a comprehensive and sophisticated market intelligence solution designed to provide unparalleled insights into the housing and real estate markets. Here’s an overview of what the product does and its key features:
What it Does
CoreLogic Market Trends is a powerful tool that helps stakeholders, including real estate professionals, lenders, investors, and regulatory bodies, to understand, analyze, and predict market trends in the housing sector. It leverages extensive historical and current data to offer accurate valuations, risk assessments, and future forecasts, enabling informed decision-making.Key Features
Home Price Index (HPI)
The CoreLogic Home Price Index (HPI) is a central component of Market Trends. It provides the most current and accurate home-price valuations, tracking housing value changes from 1976 to the present. The HPI is updated monthly and offers a comprehensive view of home price movements and trends across different market segments.Market Intelligence and Predictive Analytics
CoreLogic Market Trends incorporates advanced predictive analytics and generative AI to identify potential market risks and opportunities. These predictive indicators help users evaluate risk factors comprehensively, allowing for proactive decision-making to mitigate risks and capitalize on opportunities.Granular Local Market Analysis
The product offers detailed analysis at the zip code and postcode levels, enabling precise forecasting in specific local markets. This granular data helps in identifying emerging trends in particular suburbs or communities, such as those in Florida, and provides community profiles that highlight areas with rising or stagnant property values.Comprehensive Data Coverage
Market Trends draws from CoreLogic’s extensive property data, covering 99.9% of U.S. parcels and including 50 years of historical data. This comprehensive coverage includes key housing metrics such as listing inventories, days on market, absorption rates, and more, all aggregated at the ZIP-code level and above.Risk Evaluation and Management
The tool includes risk indicators designed to highlight potential market risks within various market segments. By integrating these indicators, users can assess financial risks, including those related to climate change, and make decisions that ensure market stability and mitigate potential risks.Data Visualization and Reporting
CoreLogic Market Trends provides visualizations that make it easier to interpret complex datasets. Users can export data to Excel or generate executive reports, facilitating consistent monitoring and reporting of market conditions. This feature enhances the ability to navigate the real estate market confidently.Multi-Faceted Market Health Coverage
The product offers monthly snapshots of time-series housing data, including leading indicators of house prices, listing inventories, and other key metrics. This extensive coverage helps in evaluating the health of the market, identifying potential opportunities, and benchmarking performance across different markets.Functionality
- Data Integration: Seamlessly integrates with existing data pipelines and platforms, reducing implementation costs and enhancing workflow efficiency.
- Decision Support: Empowers stakeholders to make informed decisions based on current market trends, historical data, and predictive analytics.
- Risk Management: Helps in identifying and mitigating potential market risks through advanced predictive indicators.
- Local Market Insights: Provides precise forecasting and analysis at the local level, aiding in investment and market strategy decisions.
- Comprehensive Reporting: Facilitates the generation of detailed reports and visualizations to monitor and analyze market conditions.