The company has named Paul Hurst its chief innovation officer, a new role that reports directly to CEO Ken DeGiorgio.
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Category: First American Financial
Pending-home sales slide for third month in a row
“Given the situation in the market — mortgages, home costs and inventory — it would not be surprising to see a retreat in housing demand.” — NAR chief economist Lawrence Yun
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New-home sales soar 12.4% in November
The median sales price of new homes hit a new high of $416,900.
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New-home construction ramps up in November as demand stays high
“November’s housing starts report signals strength for the housing market.” — First American deputy chief economist Odeta Kushi
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Home prices more affordable than the 2006 housing peak
Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
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Housing observers expect February job gains to continue
“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.
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First American launches real estate podcast
The podcast, hosted by First American Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi and available on major podcasting platforms, offers insight on housing, affordability and related economic topics.
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RE/MAX sets new home sales record
Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.
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Is the flight to the suburbs a myth?
“Increasing house price appreciation in suburban zip codes points to higher demand relative to supply in the suburbs but does not necessarily indicate what’s fueling the demand,” the study notes.
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