House Price Appreciation May Have Reached Tipping Point, According to First American Real House Price Index
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First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: Business Wire
—The housing market may be down, but it may be better positioned than many believe, 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 February 2020 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.February 2020 Real House Price IndexReal house prices decreased 1.6 percent between January 2020 and February 2020.Real house prices declined 5.8 percent between February 2019 and February 2020.Consumer house-buying power, how much one can buy based on changes
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