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Economic Center Blog

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, Real Estate Sentiment Index

The Wisdom Of The Crowd: Myth Or Reality?

By Mark Fleming on December 22, 2015

How much does a cow weigh? Penelope the cow, to be specific. A seemingly simple question, with an answer that gives credit to the notion that aggregation of information in groups results in more accurate information than independent prediction. This particular question was posed by Planet Money to over 17,000 people of diverse ages and backgrounds. The average of all of the guesses was 1,287 pounds – a mere 68 pounds below the actual value. Interestingly, self-described “cow experts” were off by more than the average Joe. Independence of judgment is difficult to achieve, as humans are drawn to a “herd” mentality. This makes the study even more unique, as individuals did not have the opportunity to consult one another.

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Topics: Interest Rates, Real Estate Sentiment Index

Real Estate Sentiment Index: Title Agents Feel A Fed Rate Increase Will Impact First-time Homebuyer Demand Most

By FirstAm Editor on December 8, 2015

We’ve posted 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. It’s based on a quarterly survey of title agents that do business with First American. More than 3,000 title agents from 50 states have participated in the first two editions of the quarterly survey. The fourth quarter survey was conducted in October 2015, and included a section measuring title agent sentiment on homeownership demand.

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

Introducing The First American Future Transaction Index (FTI)

By FirstAm Editor on September 24, 2015

Every day, title agents play a critical role in residential, commercial and industrial real estate transactions across the U.S. They work hand-in-hand with real estate agents, lenders, and homebuyers and sellers. They are real estate experts. But, how do they (collectively) feel about key real estate market metrics and industry issues? What’s their collective expectation for real estate prices and transaction volumes?

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Topics: Real Estate Sentiment Index