November employment numbers slowed slightly from October, the Bureau of Labor Statistics reported Friday.
Tag: First American Financial Corp.
October Pending Home Sales Down 4.6%
Pending home sales slid for the fifth consecutive month in October, the National Association of Realtors reported Wednesday. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions.
First American: Equity Buffers Remain Robust Despite Home Price Declines
First American Financial Corp., Santa Ana, Calif., said house-buying power has declined by nearly $150,000 from a year ago, driven by higher interest rates.
October New Home Sales Beat Expectations
October new home sales rose by 7.5 percent from September, beating consensus expectations, the Census Bureau and HUD reported Wednesday.
October Housing Starts Down 4.2%
Housing starts fell in October—the third straight monthly decline—but generally beat analysts’ expectations, HUD and the Census Bureau reported Thursday.
Employers Add 261,000 October Jobs; Unemployment Rate Rises
The Bureau of Labor Statistics on Friday reported employers added 261,000 jobs in October; meanwhile, the unemployment rate ticked up to 3.7 percent.
Fed Raises Rate to 15-Year High
The Federal Open Market Committee, as expected, raised the federal funds rate by 75 basis points on Wednesday to its highest level since 2008.
September Housing Starts Down 8%
September housing starts took back the temporary momentum it gained in August, falling by more than 8 percent, HUD and the Census Bureau reported Wednesday.
Bob Caruso of ServiceMac on Changes in Mortgage Servicing and Subservicing
Bob Caruso is CEO of ServiceMac LLC, Fort Mill, S.C., a wholly owned subsidiary of First American Financial Corp.
Educated Millennials Hold Key to Future Homeownership Demand
First American Financial Corp., Santa Ana, Calif., said in challenging housing market conditions with higher interest rates, certain fundamentals will drive future growth. One such driver, said First American Deputy Chief Economist Odeta Kushi, is level of education.