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Stock impact report

Affordability May Rebound in 2023, According to First American Real House Price Index

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
—Given the large loss of affordability buyers experienced this year, a possible improvement next year will be a welcome relief for potential buyers, says Chief Economist Mark Fleming— SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the October 2022 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: Real House Prices Increased 8.7 Percent Month Over Month“Affordability continued to suffer in October 2022, as the Real House Price Inde Show less Read more
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