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 ...
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Market Activity Moves Closer To Potential
By
Mark Fleming on June 16, 2016
For the month of May, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 2.8 percent or by an estimated 156,000 seasonally adjusted, annualized rate (SAAR) of sales. While still underperforming, this is an improvement over last month’s underperformance gap of ...
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TheStreet.com - The Fed Holds Off on Rate Hike: Here’s what it means for your wallet
By
FirstAm Editor on June 15, 2016
First American Chief Economist Mark Fleming is quoted in an article from TheStreet.com explaining the forces behind low mortgage rates.
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Really, How Important is That Rate Hike?
By
Mark Fleming on June 13, 2016
With the upcoming Federal Open Market Committee (FOMC) meeting this week, many are wondering if an interest rate hike is in the works. According to the CME FedWatch Tool, the current market expectation of a 0.50 percent rate increase in June is extremely low – 4 percent. However, the likelihood jumps to 27 percent in July. But, whether the Fed ...
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Home Sellers Who Don't Want to be Buyers
By
Mark Fleming on May 31, 2016
Earlier this month, I had the opportunity to appear on the Lykken on Lending Blog Talk radio show. On the broadcast, we discussed the National Association of Realtors (NAR) existing-home sales numbers that are released monthly. As you may be aware from my recent comments here and here, I believe that existing home sales have been underperforming ...
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Economic Turnaround in Detroit is Fast Improving its Defect Risk Profile
By
FirstAm Editor on May 26, 2016
We’ve posted the April 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 decreased 1.3 percent in April as compared with March and decreased by 5.1 percent as compared with April 2015. The Defect ...
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