We’re excited to share with you today the launch of our new State of Homeownership resource page for insight and perspective from First American Chief Economist Mark Fleming on the economic and cultural trends shaping homeownership.
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For the month of January, First American’s proprietary Potential Home Sales model showed that the market potential for existing-home sales declined by 0.2 percent compared to December and decreased by 7.1 percent compared to a year ago. The Potential Home Sales model provides a gauge on whether existing-home sales are under or over their long-run ...
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When is the best time to sell my house? It is one of the most common questions I am asked as an "expert" in housing. Assuming that one has the choice of timing the decision to sell one’s home, much of the decision has to do with the amount of equity that has built up since purchasing the house, the return on the investment. Traditional measures of ...
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Aristotle said, “The worst form of inequality is to try to make unequal things equal.” While people are naturally drawn to the idea of an equal society, the truth of the matter is that it is quite rare, sometimes seemingly impossible. The question is determining when inequality has gone too far, and by what standards of measurement.
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In case you hadn’t heard last week, a Twitter debate exploded between the well-known rapper B.o.B and the also, although possibly not equally, well-known astrophysicist Neil deGrasse Tyson. The debate centered on B.o.B’s belief that the world is actually flat and Tyson’s scientifically reasoned explanation of how we know the world is actually ...
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We’ve posted the January First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The index remained unchanged in January as compared with December and decreased by 5.0 percent as compared with January 2015. The Defect Index ...
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