On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »Real Home Price Index Spikes by Nearly 25% YoY
Find out why First American Chief Economist Mark Fleming says that even household income increases in the past year were “not enough to offset the affordability loss from higher rates and rising nominal prices.”
Read More »Housing Dynamics Closely Mirror Those of the Early 1980s
The current housing market is similar to the market of the 1980s. History doesn’t repeat itself, but it often rhymes, says First American Chief Economist Mark Fleming.
Read More »Tectonic Shifts in Industry Demographics Are Coming
According to a new First American Financial Company blog post, millennials are poised to surpass boomers as the largest generation and will be the major purchasers of their homes. Here’s what that will mean for the industry.
Read More »Pending Home Sales Index Offers Mixed Bag of Results
NAR’s latest report reveals pending home sales were down across the U.S. on a year-over-year basis. Click through to find out what else the report revealed.
Read More »Home Price Index Up 60% Annually
“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.
Read More »Examining the Balance Between Foreclosure and Employment
A new blog from First American questions whether or not the impact of an impending recession on the labor market will cause a "trickle" or "tsunami" in foreclosures.
Read More »Is the ‘Great House Price Moderation’ Here?
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 2022 which saw a moderating of prices across the board. Specifically, the ...
Read More »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 ...
Read More »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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