We’ve posted the annual First American Homeownership Progress Index (HPRI), which measures the level of homeownership and the underlying demographic and economic factors that influence the probability of homeownership over time and geography based on IPUMS Census Data. The HPRI declined 1.8 percent year-over-year, and is down 7.6 percent from the ...
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We’ve posted the March 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 1.3 percent in March as compared with February and decreased by 2.6 percent as compared with March 2015. The Defect ...
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Rhonda Schaffler at TheStreet.com interviews First American Chief Economist Mark Fleming regarding the duality dilemma keeping home sales below potential. The interview offers additional insight into the findings in this month’s Potential Home Sales model. You can watch TheStreet.com interview here.
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For the month of March, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 11.5 percent or an estimated 664,000 seasonally adjusted, annualized rate (SAAR) of sales. The Potential Home Sales model provides a gauge on whether existing-home sales are under or ...
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We’ve posted the February 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 February as compared with January and decreased by 5.1 percent as compared with February 2015. The ...
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We’ve posted the first quarter 2016 First American Real Estate Sentiment Index, which measures title agent sentiment on a variety of key market metrics and industry issues. It’s based on a quarterly survey of independent title agents that do business with First American. More than 4,000 title agents from 50 states have participated in the first ...
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