Tightening Credit Impacts Market Potential, According to First American Potential Home Sales Model
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: Business Wire
—The immediate impact of the coronavirus pandemic on the housing market will be a reduction in spring sales activity and a moderation of price appreciation, 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 First American’s proprietary Potential Home Sales Model for the month of March 2020.March 2020 Potential Home SalesPotential existing-home sales decreased to a 4.94 million seasonally adjusted annualized rate (SAAR), a 9.0 percent month-over-month decrease.This represents a 47.1 percent increase from the market potential low point reached in February 1993.The market potential for existing-home sales decreased 7.5 percent compared with a year ago, a loss of nearly 400,000 (SAAR) sales.Currently, potential existing-home sales is 1.8 million (SAAR), or 26.6 percent below the pre-reces
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News
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- First American Financial Co. (NYSE: FAF) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $72.00 price target on the stock.MarketBeat
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- Mortgages Move Up for Homeseekers: Today's Mortgage Rates on April 25, 2024 [CNET News]CNET News
FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- FAF's page on the SEC website