First American Financial Corporation

Friday’s jobs report drives rate dive after downward trend already saw rates easing

But latest new home sales report shows July 2025 sales stayed about flat from June’s upwardly revised rate

Amid expectations for a slowdown, data offers a glimmer of momentum, but challenges persist

Tighter lending standards, strong equity, and a persistent supply shortage differentiate current cycle from the Great Recession

Prolonged lags in existing home sales contribute to reduced household spending, services output, economist notes

Economist’s analysis finds the pendulum has swung toward renting, making local expertise more important than ever for mortgage pros