The Case for Optimism for Housing Market Potential in 2023, 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
—If inflation decelerates toward the Fed’s target range in the second half of 2023 as is currently expected, then it’s possible that mortgage rates may decline modestly in the latter half of the year, 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 First American’s proprietary Potential Home Sales Model for the month of November 2022. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.November 2022 Potential Home SalesPotential existing-home sales increased to a 5.24 million seasonally adjusted annualized rate (SAAR), a 2.5 percent month-over-month increase.This represents a 50.4 percent increase from the market potential low point reached in
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News
- 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
- First American (FAF) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Mortgages Move Up for Homeseekers: Today's Mortgage Rates on April 25, 2024 [CNET News]CNET News
- First American Financial (FAF) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- The Federal Reserve Won't Budge on High Interest Rates: How To Turn This Unfavorable Decision to Your Benefit [Yahoo! Finance]Yahoo! Finance
FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- 4/10/24 - Form SC
- FAF's page on the SEC website