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 »Potential Home Sales Model Reports Slowing Sales
First American Financial Corporation has released the latest Potential Home Sales Model for the month of July 2022, which uses proprietary data to measure what the healthy ...
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 »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 »Pending Home Sales Continue Downward Slide
Month-over-month, pending sales of homes in the U.S. remain in decline, as escalating rates have bumped up the cost of purchasing a home by more than 25% year-over-year.
Read More »Consumer Homebuying Power Decreases 4% YoY
House-buying power, or how much one can buy based on changes in income and interest rates, has decreased both month-over-month and year-over-year.
Read More »Income Rises, Along With Real House Prices, in December
The average U.S. home gained $1,800 in value between November and December 2021.
Read More »Affordability Falls to 13-Year Low
A new analysis from First American has found that home buyers continue to struggle to afford high listing prices amid a shrinking supply.
Read More »House Price Appreciation Sets Record for Third Consecutive Month
U.S. home price appreciation reached 20.7% in August 2021, marking the third straight month it has reached a new record mark, according to the latest findings by First American.
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