Automation of Verification Tools to Drive Risk Improvements in 2017

By FirstAm Editor on December 28, 2016
We’ve posted the November First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remained unchanged in November as compared with October and decreased by 12.8 percent as compared to November 2015. The ... Read More

Loan Application Defect Index

Affordability Improves Nationally Based on Wage Growth, Although Not for Many Major Markets

By FirstAm Editor on December 26, 2016
First American’s proprietary Real House Price Index (RHPI) looks at October 2016 data and includes analysis from First American Chief Economist Mark Fleming on the impact of rising mortgage rates on consumer house buying power and affordability heading in to 2017. Read More

Interest Rates Real House Price Index Income

Home [ownership] for the Holidays

By Mark Fleming on December 22, 2016
No matter your life stage, ‘tis the season to pack up your stuff and head home for the holidays. Home is where we congregate with family and friends over a hot meal, catch up on events, and maybe even ring in the New Year. But, home does not look the same for all. In fact, “home” doesn’t have to be the white picket fence with the smoking chimney ... Read More

Millennials Homeownership Progress 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. Read More

Interest Rates Real Estate Sentiment Index Federal Reserve

Rising Mortgage Rates Expected to Cool Market Potential In 2017

By FirstAm Editor on December 19, 2016
First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales model for November, with analysis of the housing market's overall health. Read More

Housing

What a Difference an Election Makes

By Mark Fleming on December 13, 2016
What a difference an election makes. Since the election, we have seen a pronounced increase in the popular 30 year-fixed mortgage rate. In the words of Federal Reserve Chairman Janet Yellen, financial markets expect that expansionary fiscal policy will accelerate U.S. economic growth and increase inflation. As a result, the 30-year fixed mortgage ... Read More

Housing Interest Rates Real House Price Index Federal Reserve