First American Financial Corporation

Rising rates, omicron variant, and the weather cited as curbing sales; downward pressure on rates seen as Russia-Ukraine conflict rages.

Increased Mortgage Rates and Low Inventory Will Keep Buyers Out of the Market

In January 2022, potential existing home sales fell to a 6.31 million seasonally adjusted annualized rate (SAAR) — a 0.9% month-over-month decrease.

Promotes President Kenneth DeGiorgio to CEO as CEO Dennis Gilmore becomes chairman.

Acquisition would expand First American’s footprint in 11 states

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