While the Real House Price Index found that home prices, and therefore affordability, decreased across the country, median household income has increased 4.1% since January 2022.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 »
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 »
Are Rising Mortgage Rates Slowing House Price Appreciation?
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 for the impact of income and interest rate changes on consumer house-buying ...Read More »
Housing Market Heats Up, Inventory Still Lags Behind
While the summer months are seeing a strong market, the gap between supply and demand only continues to grow. Click through for details.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 »