Housing market predictions: Six experts weigh in on the real estate outlook in 2023 [USA TODAY]
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: USA TODAY
The pandemic housing market boom, which saw home prices go up by 40% over a two-year period, began slowing down in the second half of the year as mortgage rates doubled compared to the beginning of the year. As the Federal Reserve sought to tamp down decades-high inflation with rate hikes throughout the year, rising mortgage rates contributed to the growing mismatched expectations between buyers and sellers. Homes sat on the market for months as sellers continued to price homes at rates buyers could no longer afford . C ontracts were cancelled , asking prices were slashed and inventory levels dropped. After crossing 7% in October, mortgage rates have been falling steadily over the last four weeks, which could offer some relief to buyers but might not offset still-high asking prices. So, what's ahead for the housing market in 2023? We spoke to six experts for their predictions. The Federal Reserve and mortgage rates The Fed raised its key short-term interest rate by half a p
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FAF
Earnings
- 2/7/24 - Miss
FAF
Sec Filings
- 4/15/24 - Form 13F-HR/A
- 4/10/24 - Form SC
- 4/1/24 - Form ARS
- FAF's page on the SEC website