First American’s proprietary Real House Price Index (RHPI) looks at July 2016 data and includes analysis from First American Chief Economist Mark Fleming the explains how rising incomes and low interest rates are contributing to increased affordability in most major U.S. markets.
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We’ve posted the July 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 2.8 percent in July as compared with June and decreased 16.7 percent as compared with July 2015. The Defect Index is ...
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First American’s proprietary Real House Price Index (RHPI) looks at June 2016 data and includes analysis from First American Chief Economist Mark Fleming explaining the influence of foreign monetary stimulus on U.S. mortgage rates and its impact on consumer house-buying power.
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The importance of measuring housing affordability is paramount. Homeownership is synonymous with the American Dream and all of the wealth-building benefits that it provides, and housing is the single largest monthly expense for most households. Yet, there are many ways to measure the affordability of housing.
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We’ve posted the June 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 1.4 percent in June as compared with May and decreased by 12.2 percent as compared with June 2015. The Defect Index is ...
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First American’s proprietary Real House Price Index (RHPI) looks at May 2016 data and includes analysis from First American Chief Economist Mark Fleming explaining the forces behind the continued low mortgage rate environment and the impact on consumer house-buying power.
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