The gap between cost to own and cost to rent narrowed in the third quarter when also factoring in taxes, maintenance, utilities etc. Click through to find out why, in light of sky-high rents, it is still cheaper to rent than to buy in most markets.
Read More »Where Home Affordability Is Declining the Fastest
“Affordability declined month-over-month in all of the 50 markets we track, but some markets saw a much sharper decline than others,” said First American Chief Economist Mark Fleming.
Read More »Tumultuous 2022 May Lead to Stable 2023
Since the pandemic, the housing market has been tumultuous, to put it lightly. In a new blog post, First American Economist Ksenia Potapov discusses whether this year will follow the same course.
Read More »Rapid Annual Affordability Decline Driven by Two Factors
According to First American’s Chief Economist, two major hurdles stand in the way of homebuyers and affordable homes. Click through to find out what those obstacles are.
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 »Real House Prices Increase Nearly 33% YoY
First American Financial Corporation released the March 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted ...
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 »Affordability in September Declines to Lowest Level Since 2008
Declining affordability will cause some buyers to pull out of the market, but the current supply and demand war the market is currently experiencing will continue to put upward pressure on prices.
Read More »Home Purchases Begin to Eclipse Refis
For the first time in 18 months, the share of refis has dipped below the share of home purchases with the summer home sales market heating up.
Read More »Affordability Challenges Continue to Haunt Homebuyers
Housing affordability is on the decline for the third consecutive month, continuing to walk the fine line between supply and material issues and overall demand.
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