First American Financial Profits Down $443M Year-Over-Year
Mortgage tech firm reports $2 million in Q3 net income.
Mortgage tech firm reports $2 million in Q3 net income.
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.
Job growth slowed to 315,000, but likely not enough to keep the Fed from raising rates later this month.
First American says growth in home prices has slowed in all 50 states.