HELOCS Poised to Surge
By
Mark Fleming on October 16, 2015
Home equity is back, baby! And, perhaps more importantly, consumers are beginning to take notice. After 13 consecutive quarters of year-over-year house price growth, according to the Federal Housing Finance Agency’s (FHFA) house price index (HPI), and with the Great Recession squarely in the rear view mirror, borrowers are more frequently tapping ...
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Introducing the First American Future Transaction Index (FTI)
By
FirstAm Editor on September 24, 2015
Every day, title agents play a critical role in residential, commercial and industrial real estate transactions across the U.S. They work hand-in-hand with real estate agents, lenders, and homebuyers and sellers. They are real estate experts. But, how do they (collectively) feel about key real estate market metrics and industry issues? What’s ...
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Loan Application Defect Index Falls 2.4 percent in August
By
FirstAm Editor on September 23, 2015
Today, we’re releasing our third iteration of the monthly First American Loan Application Defect Index, which estimates the frequency of defects in the information submitted in mortgage loan applications.
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Existing-Home Sales Capacity Increases 0.4 Percent In August
By
Mark Fleming on September 16, 2015
Market capacity for existing-home sales has remained close to six million sales on an annualized basis for more than a year First American’s proprietary Existing-Home Sales Capacity (EHS-C) model provides a gauge on whether existing-home sales are under capacity or over capacity based on current market fundamentals. For the month of August, the ...
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Does A Fed Rate Increase Doom Housing?
By
Mark Fleming on September 15, 2015
This week, the Federal Reserve has its September meeting where it could potentially decide to increase interest rates for the first time since 2008. The CME FedWatch Tool measures the market’s expectation of Fed target rates.Currently, the market-estimated probability of a 0.25 percent rate increase on September 17 is significantly higher than ...
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The Demographics of Homeownership
By
Mark Fleming on September 11, 2015
The summer is officially over. Pools are closed, children are back in school, and Congress is back in session. It seems like an ideal time to catch everyone up on housing events in August, as well as look ahead to some important events in housing in the coming weeks.
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