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.
Read More »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. ...
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 ...
Read More »Real House Prices Increased 21.7% YoY in December
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for December 2021, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest rates, and home-buying power. The ultimate goal of this is to provide a clearer ...
Read More »Rise in Rates to Impact Consumer Affordability
Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.
Read More »House Price Appreciation Eclipses Affordability
A new analysis of July data has found that home seekers are playing a game of cat and mouse with the limited inventory available.
Read More »‘Delta Dip’ in Mortgage Rates Drives Homebuying Power Upward
A drop in rates and an uptick in household income both contributed to increased buying power in July.
Read More »Housing Supply Limiting Market Potential
A new study finds that an eager crop of homebuyers is being shunned by higher prices as a result of short supply.
Read More »What Will Hold Back Home Sales?
Even as the spring homebuying season promises to be better for home sales than the previous few months, an expert takes a look at the factors that are likely to hamper sales from achieving their full potential.
Read More »First American Economist Promoted to Deputy Chief
Kushi previously served as senior economist, helping First American’s Economics team research, create and publish perspectives on the housing market.
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