Fintech Hunting Episode #142 with the amazing Selma Hepp, Executive, Deputy Chief Economist Corelogic
We have a very special guest for you today. She is an industry thought leader and expert in financial services. Please help me welcome Selma Hepp, Executive, Deputy Chief Economist Corelogic - Tell us a little bit about yourself professionally. What do you do for CoreLogic? - - CoreLogic has been in the property data business for years now and has probably dealt with millions of pieces of data. So, can you talk about how highly accurate data is essential to the economic analysis you perform? - Let’s talk about the ongoing trend of buyers snapping homes almost as soon as they are put on the market. Do you think this is due exclusively to economic factors, or is there a technological element that makes it possible for the buying process to occur before properties even come on the market? o Let’s dive a little deeper into this subject. How have advancements in technology changed the overall property data ecosystem? o How has the emergence of iBuyers and other sources for sales data outside of the MLS altered how you gather and analyze data? o Has technology changed the type of buyers you see participating in the market? (Homeowners vs. investors) § Many prospective buyers may not realize that proptech companies frequently purchase homes, further exacerbating tight inventory conditions. Now that corporations and Wall Street are also competing in the same market as Joe next door for homes, what does that mean for homebuyers, especially first-time homebuyers? What does this mean for the market? - Technology that automates processes such as securing mortgages and closing deals has helped speed up the overall transaction process. Have you seen this reflected in your analysis of home sales over the years? o Why do you think that data and analytics are becoming more in the property industry? o In your view, what other ways has the emergence of proptech influenced market statistics and more.