First American Financial Corporation

Home Sales & Housing Starts Fall In September

Adds 263,000 jobs in September; unemployment rate dips to 3.5%

Sales increase nearly 29% from July, but the estimate may be inflated by lag in contract cancellations.

First American report states that, a year ago, only four markets were considered overvalued.

Chairman said housing market may have to go through "a correction" to return to balance.

Rose 0.1% from July, but dips to 8.3% annually — likely not enough to alter Fed plans for another rate hike.