With mortgage rates spiking upward, mortgage application volume took another hit, falling for the fourth consecutive week, as markets continued to re-assess the prospects for the economy and the path of monetary policy.
Read More »Home Price Acceleration Tops 50% in June
A new blog post by Mark Fleming, the Chief Economist at First American Financial Corporation discusses the findings of the latest Real House Price Index (RHPI) covering June ...
Read More »Location, Location, Location: In Search of Affordability
An economist for First American digs into research on where the average-earning American can still find affordable housing.
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »Cap Rates Expected to Rise as Asset Growth Slows
The gap between the actual cap rate and the potential rate rose 0.4 percentage points since Q4 2021. Here's what else new data from First American reveals.
Read More »Trying to Find a Post-Pandemic Norm
Potential is defined as the latent ability for a thing to develop into something bigger in the future. Currently, the housing market is trying to find a new ...
Read More »More Homebuyers Taking up ARMs
Mark Fleming, Chief Economist at First American, explains why current conditions mean adjustable-rate mortgages “could be a game-changer for many first-time homebuyers."
Read More »Housing Starts Fall to Two-Year Low
HUD and the Census Bureau report that single‐family housing starts in June were 8.1% below May’s figure, as builder confidence continues to fall.
Read More »Despite Mortgage Rate Dropoff, Refis ‘Expected to Remain Depressed’
Mortgage application volume fell slightly week-over-week, even as rates fell sharply amid fears of a worsening economic outlook.
Read More »Not Even Rising Rates Can Curtail Industry Innovation
In a recent blog post, Paul Hurst of First American explains that, despite record-high mortgage rates, mortgage industry innovation and investment will continue to advance and increase.
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