Items Tagged with 'First American'

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Experts weigh in: Positive jobs report fails to fix what’s wrong with housing

Expect Fed to raise rates in June
Economists agree that the April jobs report proved the economy is moving along at a healthy pace despite the disappointing job numbers in March. But when it comes to the housing market specifically, this positive report does little to help the factors that are really blocking growth in the industry. Here, top housing economists explain what the news means for the bottom line in housing.
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Case-Shiller reaction: What to make of record high home prices

Zillow, Quicken Loans, First American and others weigh in
The latest S&P CoreLogic Case-Shiller Indices showed that home prices hit a 31-month high in January, but will those record prices be a speed bump or a brick wall for home buying moving forward? Opinions appear to be a bit mixed in that regard, with some analysts viewing January’s data as a significant drawback for certain segments of the home-buying market, while others say the rising prices aren’t a concern, yet.
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First American: Fraud and misrepresentation grew in February

Rising rates bring increase in adjustable rate mortgages
First American released its monthly Loan Application Defect Index, which showed loans became more risky in February due to increasing interest rates and a move toward adjustable rate mortgages. What else is behind the rise in these riskier loans? Click the headline to read more.
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Why isn't Freddie Mac on board with all these rosy outlooks?

Latest housing numbers prove robust, so what gives?
Clearly, the housing market is doing just fine. Read the latest Case-Shiller. Housing pretty much recovered. And Ten-X, too. Home sales increased in January. Don’t forget Black Knight. Home prices are so close to a new peak. So why isn't Freddie Mac on board with all these rosy, housing outlooks?
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First American: Rising interest rates finally takes toll on home affordability

Houses still remain pretty affordable, though
Affordability took a hit in November, according to First American, which tracks what it calls “real house prices.” But while real home prices saw an uptick for the month, reversing a six-month trend, First American’s chief economist explains home prices are still at their most affordable point in nearly two decades.
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3 interest rate hikes in 2017? Not a chance

New American exec explains why
The real estate industry is buzzing about the possibility of three interest rate hikes during 2017, but one expert says it will never happen. New American Funding’s executive vice president of capital markets explains that the U.S. economy is not in a position to sustain increasing interest rates.
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