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 ... Read More ›

First American has updated its proprietary Potential Home Sales model for the month of September. Read More ›

Success achieving the American Dream of homeownership is, in large part, dependent on the ability to earn a good income. For much of the last century, a job in manufacturing provided a stable and solid income. In fact, after World War II, the United States was the manufacturer to the world, as America’s post-war economic boom changed the way we ... Read More ›

For the month of August, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 5.6 percent or an estimated 323,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement relative to last month’s revised performance gap of -5.7 percent or 328,000 ... Read More ›

For the month of July, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 1.3 percent or an estimated 92,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement over last month’s revised under-performance gap of 1.8 percent, or 104,000 (SAAR) ... Read More ›

The importance of measuring housing affordability is paramount. Homeownership is synonymous with the American Dream and all of the wealth-building benefits that it provides, and housing is the single largest monthly expense for most households. Yet, there are many ways to measure the affordability of housing. Read More ›