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Affordability Crisis Over-Stated, According to First American Real House Price Index

FIRST AMERICAN FINANCIAL (FAF)  More Company Research Source: Business Wire
Last first american financial earnings: 4/26 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.firstam.com
PDF —Home buyers today have historically high levels of house-purchasing power and that’s one important reason why the talk of an affordability crisis is over-stated for now, says Chief Economist Mark Fleming— SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the November 2017 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability. November 2017 Real House Price Index Real house prices incr [Read more]

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