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Tag Archives: First American

Housing Starts Down in May

With residential construction continuing to slow, the Fed’s rate hike of last week and its ripple effect on mortgage rates may push housing starts down for months to come.

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First American Appoints New Board Member

First American Financial Corporation, a provider of title, settlement and risk solutions for real estate transactions, announced today that Marsha A. Spence has been appointed to the company’s board of directors.  Over the course of her 45-year career in title ...

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More Homeowners Are Staying Put Longer

With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.

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Potential Home Sales Decrease on Monthly, Yearly Basis

First American Financial Corporation has released their latest iteration of the proprietary Potential Home Sales Model (PHSM) for April 2022 and found that potential existing-home sales decreased to a 5.74 million seasonally adjusted annualized rate (SAAR), a 3.0% month-over-month decrease.  ...

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Another Strong Year Ahead?

First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted annualized rate (SAAR) — a 3.2% month-over-month decrease. The market potential for ...

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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 ...

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