Welcome to our dedicated page for First Amern Finl news (Ticker: FAF), a resource for investors and traders seeking the latest updates and insights on First Amern Finl stock.
First American Financial Corp (FAF) provides essential title insurance and settlement services for secure real estate transactions. This news hub offers investors and industry professionals centralized access to official updates and market analysis.
Track critical developments including quarterly earnings, regulatory filings, leadership changes, and strategic initiatives. Our curated collection ensures timely access to press releases, SEC filings, and expert commentary on FAF's position in the property services sector.
Key updates cover title insurance innovations, home warranty program expansions, and corporate investment activities. Stay informed about operational milestones and industry trends affecting one of America's leading real estate financial services providers.
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Nationally, house prices continue to reach new records as supply remains limited and buyers chase the few available homes. In September 2023, home prices in the New York-Jersey City-White Plains metropolitan area increased by 5.6% compared to last year. The starter home price tier continues to outperform the middle and luxury tiers in many markets, indicating strong demand from first-time homebuyers.
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Nationally House Prices Reach a New Peak in September. Rising mortgage rates continue to depress housing supply and suppress affordability, limiting supply while buyers chase what few homes are available for sale. In the Dallas-Plano-Irving metropolitan area, home prices increased by 2.5% compared to a year ago. The starter home price tier continues to outperform the middle and luxury price tiers in many markets, suggesting first-time home buyer demand remains resilient. In Texas, nominal house prices increased 3.5% on a year-over-year basis. House prices increased 0.7% between August and September 2023 and 6.3% between September 2022 and September 2023. House price growth reported in the previous month's HPI for July 2023 to August 2023 was revised down 0.2%.
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First American Data & Analytics releases September 2023 Home Price Index report, showing a 0.7% increase in house prices between August and September and a 6.3% increase compared to September 2022.
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First American Data & Analytics has released its September 2023 Home Price Index (HPI) report, which shows that nationally, house prices continue to set new records. The lack of supply is constraining the market more than reduced demand due to record-low affordability. In the Houston-The Woodlands-Sugar Land metropolitan area, home prices increased by 3.5% compared to last year and 0.4% compared to August 2023. The starter home price tier continues to outperform the middle and luxury price tiers in many markets, suggesting strong demand from first-time home buyers. In Texas, nominal house prices increased by 3.5% on a year-over-year basis. House prices increased 0.7% between August and September 2023, and 6.3% between September 2022 and September 2023.
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ServiceMac President Bob Caruso named 2023 HousingWire Vanguard Award winner
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First American Title Insurance includes wire verification service for title agents
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First American Financial Corporation to host conference call on Oct. 26, 2023, following release of Q3 earnings results. Q4 and 2023 year-end earnings results expected on Feb. 8, 2024.
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The Real House Price Index (RHPI) rose by nearly 17% on an annual basis in July 2023, resulting in the lowest housing affordability in over three decades. The increase was driven by a 4% rise in nominal house prices and a 1.4 percentage point increase in the 30-year fixed mortgage rate compared to the previous year. Household income increased by 3.7% but was not enough to offset the affordability loss. The national housing market is overvalued, with 24 out of the top 50 markets considered overvalued. San Jose, California, was the most overvalued market. However, some markets like Detroit, Philadelphia, and Cleveland remain undervalued. The outlook for affordability will depend on the interplay between nominal house prices, household income, and mortgage rates. Lower prices, lower rates, or higher incomes are needed to bring more affordability to the housing market.
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Sally French Tyler of First American Financial Corporation is inducted into CREW Network's Circle of Excellence for her leadership and advocacy for women in commercial real estate.
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First American Data & Analytics releases August 2023 Home Price Index report, showing a 0.7% increase in house prices between July and August 2023 and a 5.6% increase between August 2022 and August 2023. House prices reached a new peak in August 2023.
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