First American Financial Corporation

BLS forecasts 25-basis point cut later this month

Contract signings down in all four U.S. regions

First American also reported house prices nationally are now 55% higher compared to pre-pandemic levels, while Redfin reported a 0.2% uptick in home prices.

Renting was cheaper in 48 of the top-50 markets in Q2 2024, but only 29 states when accounting for home equity gains

Unemployment rate at historic low

Increases in income, inventory not enough to offset price, rate increases