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Stock impact report

Housing Market Potential Poised for Growth, According to First American Potential Home Sales Model

First American Corporation (New) (FAF) 
Last first american corporation (new) earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.firstam.com
Company Research Source: Business Wire
—Market potential will likely increase in 2021, as mortgage rates are expected to remain near 3 percent, millennials continue to form households and more existing homeowners tap their equity for the purchase of a better home, says Deputy Chief Economist Odeta Kushi— 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 First American’s proprietary Potential Home Sales Model for the month of January 2021.January 2021 Potential Home SalesPotential existing-home sales increased to a 6.17 million seasonally adjusted annualized rate (SAAR), a 0.4 percent month-over-month increase.This represents a 77.1 percent increase from the market potential low point reached in February 1993.The market potential for existing-home sales increased 9.0 percent compared with a year ago, a gain of 512,083 (SAAR) sales.Currently, potential existi Show less Read more
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