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Economic Center Blog

We Crowd-Sourced The Reason For Housing Supply Shortages

By Mark Fleming on September 15, 2017

We’ve said it before and we’ll say it again – the shortage of houses on the market is making it difficult for Americans to find homes to buy, which is especially concerning for the Millennial first-time home buyer. There are many possible reasons for the housing supply shortage, ranging from fear of paying a higher mortgage rate to insufficient equity keeping sellers at bay. Frequent readers of this blog will be familiar with our “prisoner’s dilemma” theory for the housing supply shortage.

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Topics: Housing, Real Estate Sentiment Index, insider

Outlook For Real Estate Falls In Third Quarter Amid Rate Uncertainty

By FirstAm Editor on September 12, 2017

We invite you to browse the third quarter 2017 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts.

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Topics: Homeownership, Real Estate Sentiment Index

Outlook For Real Estate Market Surges In Second Quarter Amid Strong Demand

By FirstAm Editor on June 6, 2017

We invite you to browse the second quarter 2017 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts.

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Topics: Homeownership, Real Estate Sentiment Index

Improved Real Estate Outlook Suggests Strong Spring Market

By FirstAm Editor on March 14, 2017

We invite you to browse the first quarter 2017 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts.

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Topics: Interest Rates, Real Estate Sentiment Index

Real Estate Outlook Declines On Election Uncertainty And Heightened Expectations For Fed Rate Hikes

By FirstAm Editor on December 21, 2016

We invite you to browse the fourth quarter 2016 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts.

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Topics: Interest Rates, Real Estate Sentiment Index, Federal Reserve

Seeking Certainty Again

By Mark Fleming on November 9, 2016

Our analysis in recent months has touched on the influence of uncertainty on our housing market. In particular, two significant events have influenced housing markets this past year. First, the Brexit benefit to the housing market triggered by the vote in the United Kingdom to leave the European Union this past summer. Second, and more recently, increased uncertainty over the presidential election results. 

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Topics: Real Estate Sentiment Index

Crowd-Sourced Title Agent Projections More Accurate Than Many Economic Forecasts

By Mark Fleming on October 21, 2016

It has been a full year since our proprietary Real Estate Sentiment Index (RESI) first shared title agents’ predictions for price growth and other key metrics across property types for the year ahead. So, with a full year of data, the time is right to ask the question: how accurate is the wisdom of the crowd? In a post late last year, we discussed that the collective wisdom of the crowd, such as projections reported in the RESI, is often an accurate forecast – sometimes more accurate than the models economists build.

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Topics: Real Estate Sentiment Index, affordability, mortgage rates

Optimism For Growth In Real Estate Transactions Improves Substantially Over Last Quarter

By FirstAm Editor on June 21, 2016

We invite you to browse the second quarter 2016 First American Real Estate Sentiment Index, which measures title agent sentiment on a variety of key market metrics and industry issues. In 2016, the survey has also tracked title agent sentiment regarding the implementation of the Know-Before-You-Owe rule, also referred to as the TILA-RESPA Integrated Disclosure (TRID) rule. It’s based on a quarterly survey of independent title agents.

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Topics: Interest Rates, Real Estate Sentiment Index, Federal Reserve

Title Agent Expectations For Real Estate Market Transactions Weaken In The First Quarter, According To Q1 2016 Real Estate Sentiment Index

By FirstAm Editor on March 22, 2016

We’ve posted the first quarter 2016 First American Real Estate Sentiment Index, which measures title agent sentiment on a variety of key market metrics and industry issues. It’s based on a quarterly survey of independent title agents that do business with First American. More than 4,000 title agents from 50 states have participated in the first three editions of the quarterly survey. The first quarter survey was conducted in January 2016.

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Topics: Real Estate Sentiment Index

Infographic – Q4 2015 Real Estate Sentiment Index

By FirstAm Editor on January 15, 2016

The fourth quarter 2015 First American Real Estate Sentiment Index, which measures title agent sentiment on a variety of key market metrics and industry issues, is based on a quarterly survey of title agents that do business with First American. In fact, more than 3,000 title agents from 50 states have participated in the first two editions of the quarterly survey.

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Topics: Interest Rates, Homeownership, Real Estate Sentiment Index