Freddie Mac survey finds rates had fallen slightly over the past week; economists say conflict one reason for that.
Tagged: First American Financial Corp.
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.
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.