First American Financial Corporation

First American's chief economist says that, despite September's lowest affordability level since 2008, housing remains undervalued in most markets.

First American Deputy Chief Economist Odeta Kushi reviews historical data to gauge effect on housing market, rates.

First American says prices, expected rate increases to affect house-buying power, but rising incomes could help.

First American Financial Corporation's Real House Price Index reported that while home prices have jumped considerably, they are still 40% more affordable than the housing boom's peak.

While housing market potential strengthened in June 2021, the 0.2% increase from May could have been much stronger if not for the limited supply of housing.

Existing homeowners hamper with the housing market by choosing to remain in place and not list their homes for sale.