First American Financial Corporation - FAF STOCK NEWS

First American Financial (NYSE: FAF) has announced its schedule for the fourth-quarter and full-year 2024 earnings conference call, set for February 13, 2025, at 11 a.m. EST. The earnings results will be released on February 12, 2025, after market close.

The conference call will be accessible to investors, financial community members, media, and the public through their website or by phone. An audio replay will be available until February 27, 2025.

The company has also outlined its 2025 quarterly earnings release schedule: first-quarter results on April 23, second-quarter results on July 23, and third-quarter results on October 22.

First American Financial (NYSE: FAF) has been awarded the silver prize in the Most Innovative Company of the Year (large company) category at the Best in Biz Awards 2024. The company earned this recognition for its advanced digital tools and data assets in the real estate transaction industry.

The award highlights FAF's commitment to digital transformation, particularly through its innovative solutions including:

• A proprietary map-based underwriting tool for faster coverage decisions
• AI and machine learning implementation in property data extraction
• Development of the industry's largest property and ownership dataset

The Best in Biz Awards, now in its 14th year, is North America's only independent business awards program judged by prominent editors and reporters from top-tier publications. The competition included hundreds of entries from various industries across the U.S. and Canada, ranging from Fortune 100 companies to innovative startups.

Simplex 3D, a global urban planning platform provider, announced its U.S. expansion and strategic partnership with First American Title Insurance Company (NYSE: FAF). The collaboration introduces a cutting-edge 3D platform featuring high-resolution reproductions of the Greater New York Metro area.

The platform offers real estate professionals advanced visualization capabilities, including property data, engineering measurements, shadow analysis, and architectural model integration. First American will utilize the platform to enhance automation and decision-making processes, while Simplex 3D will incorporate First American's data assets to provide comprehensive virtual property assessments.

The SaaS-based platform aims to empower real estate stakeholders with accurate, photorealistic interactive mapping tools for property exploration, planning, and collaboration. The partnership marks Simplex 3D's significant milestone in entering the U.S. market, facilitated by FTPT as their strategic channel partner.

First American Data & Analytics released its November 2024 Home Price Index (HPI) report, showing that the Dallas-Plano-Irving market experienced a 2.0% year-over-year increase in home prices and a 0.2% month-over-month rise. The national HPI showed a 3.9% year-over-year increase and a slight -0.01% month-over-month decrease.

In the Dallas-Plano-Irving metro area, price tier analysis revealed varying growth rates: starter homes increased by 1.0%, mid-tier properties by 1.1%, and luxury homes showed the strongest growth at 4.4%. Nationally, only two markets experienced year-over-year price declines: Tampa, Florida (-3.3%) and Oakland, California (-0.3%). The top performing market was Anaheim, California, with a 7.7% increase.

First American Data & Analytics released its November 2024 Home Price Index (HPI) report, showing the Los Angeles-Long Beach-Glendale area experienced a 1.4% year-over-year increase in home prices, despite a -0.3% month-over-month decline. The national HPI showed a 3.9% year-over-year increase, with prices remaining aligned with historical norms.

In the LA metro area, starter-tier homes saw a 3.1% increase, while both mid-tier and luxury-tier properties rose by 1.8%. Among major markets, Anaheim led with a 7.7% increase, followed by Cambridge (5.4%) and New York (5.3%). Only two markets showed declines: Tampa (-3.3%) and Oakland (-0.3%).

Chief Economist Mark Fleming noted that despite higher mortgage rates, house prices have proven resilient, supported by a healthy labor market and increased housing inventory compared to the previous year.

First American Data & Analytics released its November 2024 Home Price Index (HPI) report, revealing that the Houston-The Woodlands-Sugar Land area experienced a 1.9% year-over-year price increase. The national HPI showed a 3.9% year-over-year increase, with prices remaining aligned with historical norms.

In the Houston metro area, price growth varied across segments: starter homes rose 1.1%, mid-tier properties increased 2.7%, and luxury homes saw the highest growth at 3.8%. Nationally, only two markets experienced year-over-year price declines: Tampa, Florida (-3.3%) and Oakland, California (-0.3%). The top performing market was Anaheim, California, with a 7.7% increase.

Chief Economist Mark Fleming noted that despite higher mortgage rates, house prices have proven resilient, supported by a healthy labor market and increased housing inventory compared to the previous year.

First American Data & Analytics released its November 2024 Home Price Index (HPI) report, showing that New York-Jersey City-White Plains home prices increased by 5.3% year-over-year, while declining 0.2% month-over-month. The national HPI showed a 3.9% year-over-year increase and a slight 0.01% monthly decrease.

In the New York metro area, price growth varied across market segments: starter homes rose 7.9%, mid-tier properties increased 8.2%, and luxury homes gained 2.3%. Chief Economist Mark Fleming noted that despite higher mortgage rates, house prices have remained resilient, with only two markets showing year-over-year declines: Tampa (-3.3%) and Oakland (-0.3%).

First American Data & Analytics released its November 2024 Home Price Index (HPI) report, showing the Atlanta-Sandy Springs-Alpharetta region experienced a 1.7% year-over-year increase in home prices, while declining 0.4% month-over-month. The national HPI showed a 3.9% year-over-year increase and a slight -0.01% monthly decline.

In the Atlanta metro area, price changes varied across market segments: starter homes decreased by 0.8%, mid-tier homes rose by 2.6%, and luxury homes increased by 4.8%. Nationally, Chief Economist Mark Fleming notes that house prices have shown resilience despite higher mortgage rates, with prices falling in only two markets year-over-year. The top performing markets included Anaheim, Cambridge, New York, Warren, and Washington, while Tampa and Oakland showed decreases.

First American Data & Analytics released its November 2024 Home Price Index (HPI) report, showing national house prices are 54.7% higher compared to pre-pandemic levels. The report indicates a 3.9% year-over-year increase and a slight -0.01% month-over-month change.

According to Chief Economist Mark Fleming, national house prices have modestly re-accelerated for the first time since December 2023, maintaining alignment with historical norms. The market shows resilience despite higher mortgage rates, with prices declining in only two markets year-over-year: Tampa (-3.3%) and Oakland (-0.3%).

The top performing markets include Anaheim (+7.7%), Cambridge (+5.4%), New York (+5.3%), Warren (+5.1%), and Washington (+5.0%). The report segments price changes into starter, mid, and luxury tiers, with New York showing the strongest starter tier growth at +7.9%.