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.
Tag: Mark Fleming
The ‘Great House Moderation’ Varies by Market
Reports from First American Financial Corp., Santa Ana, Calif., and Black Knight, Jacksonville, Fla., show the “Great House Moderation” accelerating, with some markets experiencing steeper slowdowns than others.
June Jobs Report Beats Estimates
Employment rose by 372,000 jobs in June, the Bureau of Labor Statistics reported Friday, a strong report despite rising inflation and economic uncertainty.
Housing Market Roundup, July 6 2022
Here is a summary of recent housing, market and economic reports that have come across the MBA NewsLink desk:
Fed Brings Out the Big Guns
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
Pending Home Sales Fall 6th Straight Month
Pending home sales fell by nearly 4 percent in April—the sixth consecutive monthly drop—the National Association of Realtors reported Thursday.
Housing Market Roundup Apr. 26, 2022
Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk:
Housing Market Roundup: Mar. 31, 2022
Here’s a summary of recent housing market and economic reports that came across the MBA NewsLink desk:
Housing Report Roundup, Mar. 1, 2022
Here are summaries of recent housing market reports that came across the MBA NewsLink desk.
First American: Rising Rates Could Trigger Buyers
Fear of missing out on low rates and the potential loss of house-buying power could supercharge the housing market ahead of the spring home-buying season, said First American Financial Corp., Santa Ana, Calif.