Rising Rates Leave Fewer Affordable Home Options
New research conducted by First American has found that as mortgage rates have steadily risen (and look to continue this trend based on commentary from the Federal Reserve’s Open Market… Read more »
Tag: First American
More Homebuyers Taking up ARMs
First American Financial Corporation, a provider of title, settlement and risk solutions for real estate transactions, has released the May 2022 First American Real House Price Index (RHPI). The RHPI… Read more »
Housing Starts Fall to Two-Year Low
According to the latest U.S. Census Bureau and the U.S. Department of Housing and Urban Development new residential construction statistics for June 2022, privately‐owned housing starts were at a seasonally… Read more »
Pending Home Sales Slide 2.2% in November
According to the National Association of Realtors (NAR), pending home sales slipped in November, dropping 2.2.% from October as found by NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator… Read more »