Rising Rates and Strong Nominal Price Growth Halt Six-Month Run of Increasing Affordability

By FirstAm Editor on January 30, 2017
First American’s proprietary Real House Price Index (RHPI) looks at November 2016 data and includes analysis from First American Chief Economist Mark Fleming on a shift in affordability as real house prices increased for the first time in six months. Read More

Interest Rates Real House Price Index Income Affordability

Defect Risk Rises Modestly on Shift toward Purchase-Dominated Market

By FirstAm Editor on January 26, 2017
We’ve posted the December 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 increased 1.5 percent in December 2016 as compared with November 2016 and decreased by 9.2 percent as compared to December ... Read More

Loan Application Defect Index

Infographic - Why Did Market Potential Pull Back in December?

By FirstAm Editor on January 24, 2017
The infographic below provides some additional perspective on the market forces influencing First American Chief Economist Mark Fleming's proprietary Potential Home Sales model in December 2016. Read More

Housing

Rising Mortgage Rates Dampen Market Potential in December

By Mark Fleming on January 23, 2017
First American's proprietary Potential Home Sales model examines December 2016 data and includes analysis from Chief Economist Mark Fleming on the impact of rising rates amid growing demand and limited inventory. Read More

Housing

Three Reasons to Remain Bullish on Housing

By Mark Fleming on January 17, 2017
Last week, I participated in the 2017 Housing Market Forecast and Homebuyer Trends webinar hosted by the American Land Title Association (ALTA). Jessica Lautz, a consumer research expert from the National Association of Realtors, and I discussed how the real estate market is changing and what we can expect. We tried to answer the question posed in ... Read More

Millennials

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