First American Financial Corporation

Income growth and home price moderation are improving buying power, though rate pressure keeps demand fragile

Even as mortgage rates and home prices remain high, First American reports more single women are entering the housing market, supported by rising incomes and long-term financial planning

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