First American Financial Corporation

With house-buying power surpassing median list prices for the first time in over three years, spring 2026 could bring renewed activity for buyers, though tight supply will remain a key factor

Despite elevated rates keeping current homeowners in place, life events like job changes and family transitions — combined with 47 million millennials still renting — will gradually bring buyers and sellers back to the housing market

Affordability in the U.S. housing sector improved sharply as rising incomes, falling mortgage rates, and flat home prices boosted U.S. house-buying power nearly 10% year-over-year, though supply constraints remain a key risk

Longtime First American vice chair and widely respected housing finance leader Kurt Pfotenhauer is remembered for his leadership, public policy influence, and commitment to family and service

First American reports affordability is improving to its best level in more than three years, helping thaw the housing market, though high rates and lingering lock-in effects continue to temper a full recovery

Cooling price growth and a rising months’ supply are easing affordability pressures, pushing housing affordability to its strongest level since 2022 despite conditions remaining above pre-pandemic norms