Items Tagged with 'First American'

ARTICLES

  • Home builders: Baby Boomer home sales disappoint

    Data suggests more Boomers are staying put
    Builder confidence in the housing market for those 55 years of age and older is slipping, highlighting a recent trend showing that Baby Boomers staying put rather than downsizing. According to the latest Housing Market Index from the National Association of Home Builders, sales of single-family homes to those 55 and older declined seven points the third quarter.
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  • Homeowners are staying put longer than ever before

    With a disincentive to move, they may just look for other ways to tap that equity
    Homeowners are staying in place longer than ever before, despite the growing amount of equity in their homes. A new report from First American reveals that the median tenure for homeownership has jumped to 10 years, up 10% from last year. But what will they do about all that untapped equity?
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  • Construction spending barely inches forward

    August is 6.5% above August 2017
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1.319 trillion, only 0.1% above the revised July estimate of $1.317 trillion.
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  • Federal Reserve hikes interest rates again

    As expected, the Federal Reserve pushed rates up an additional .25% to stymie inflation
    The Federal Reverse raised interest rates for the third time this year, pushing rates up by .25% to 2.25%. Strong economic growth and a booming job market have led to the eighth rate hike since 2015, as the Fed tries to rein in the acceleration of inflation.
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  • In real estate, man’s best friend is often calling the shots

    Realtor.com reveals pet-owning homebuyers make decisions based on their animals
    Realtor.com surveyed 1,000 recent homebuyers to reveal that 80% were pet owners. Among those with pets, 90% said their animals' needs were essential to their decision of purchasing a home, and most of them would pass up their dream home if it didn't work for Fido.
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  • First American: Home prices could be at tipping point

    New data indicates it might finally be time for the prices to start walking down
    Home prices may have finally reached their tipping point after increasing 11.4% year-over-year. According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand.
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  • These are the best and worst markets for first-time homebuyers

    Check out which Oklahoma city is the best housing market
    WalletHub, a personal finance website, assessed factors like housing affordability, tax rates and crime rates to determine the most favorable housing markets for first-time homebuyers. As more Millennials become potential homebuyers, some of these markets might best suit their housing needs and some of them they may want to avoid.
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