Housing Market May Be Poised to Weather Coronavirus Impact, According to First American Real House Price Index
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: Business Wire
—This time, housing is a casualty of a public health crisis turned economic, not the cause of an economic crisis, 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 the January 2020 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.January 2020 Real House Price IndexReal house prices increased 0.1 percent between December 2019 and January 2020.Real house prices declined 3.8 percent between January 2019 and January 2020.Consumer house-buying power, how much one
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Sec Filings
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