“But real estate is local, and there are markets where annual price growth isn’t just slowing, but prices are falling from recent peaks,” said Mark Fleming, Chief Economist at First American Financial Corporation.
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Homes Are Statistically More Affordable Than They Were in 2006
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for January 2022, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest ...
Read More »The Two Factors Impeding Home Affordability
What are the two factors that are making homes more unaffordable for homebuyers despite a rising demand? Click through to learn the answer.
Read More »Rising House Prices Trail Pre-Housing Bubble Levels
Home prices have been on the rise in many markets, spurred by inventory shortages and lower interest rates. But how do real home prices compare to where prices were at before the bubble and the Recession?
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