House Prices Are Rising Fast, but Many Housing Markets Remain Undervalued, According to First American Real House Price Index
Last first american corp earnings: 4/23 06:45 am
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US:NYSE Investor Relations: investors.firstam.com
—Nationally, house-buying power continues to exceed the median sale price and that implies housing is not overvalued today, 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 December 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.Chief Economist Analysis: House-Buying Power Up 21 Percent Year Over Year“Punxsutawney Phil may have signaled six more weeks of winter, but in housing, it looks like spring (home buying) has already arrived. Typically, th
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- First American Financial Co. (<a href="https://www.marketbeat.com/stocks/NYSE/FAF/price-target/">NYSE: FAF</a>) had its price target raised by analysts at Susquehanna from $63.00 to $67.00. They now have a "positive" rating on the stock.MarketBeat
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