First Amern Finl Corp - FAF STOCK NEWS

First American Data & Analytics released its December 2024 Home Price Index (HPI) report, showing that the Dallas-Plano-Irving market experienced a 0.7% year-over-year increase in home prices, while declining 0.1% month-over-month.

Nationally, house prices grew by 3.9% year-over-year, with a modest 0.1% month-over-month increase. The market started 2024 strong at a 7% annualized growth rate but gradually slowed due to higher mortgage rates and inventory levels.

In the Dallas-Plano-Irving metro area, price changes varied by market segment: luxury tier properties rose 3.3%, mid-tier increased by 0.3%, while the starter tier decreased by 0.6%. Among major markets, Anaheim, Cambridge, and Pittsburgh showed the strongest price growth, while Tampa, Oakland, and Austin experienced decreases.

First American Data & Analytics released its December 2024 Home Price Index (HPI) report, showing that the Houston-The Woodlands-Sugar Land market experienced a 2.1% year-over-year increase in home prices, with a modest 0.2% month-over-month growth.

Nationally, house prices grew by 3.9% year-over-year, with a 0.1% month-over-month increase. The market started 2024 strong at a 7% annualized growth rate but gradually slowed due to higher mortgage rates and increased inventory levels.

In the Houston metro area, price growth varied across segments: luxury tier properties saw the highest appreciation at 4.1%, followed by mid-tier at 2.8%, and starter homes at 0.7%. Among major markets, Anaheim, Cambridge, and Pittsburgh showed the strongest price growth, while markets like Tampa, Oakland, and Austin experienced price decreases.

First American Data & Analytics released its December 2024 Home Price Index (HPI) report, revealing that the Los Angeles-Long Beach-Glendale market experienced a -0.1% year-over-year price decrease. Nationally, home prices showed a modest +3.9% year-over-year growth, though the pace slowed throughout 2024.

The report highlights that higher mortgage rates and increased inventory levels in the latter half of 2024 contributed to the cooling trend. In the Los Angeles metro area, price changes varied across market segments: starter homes declined -0.2%, mid-tier properties increased +2.0%, and luxury homes rose +0.4%.

Among major markets, Anaheim, California led with the highest year-over-year HPI increase at +6.1%, while Tampa, Florida showed the largest decrease at -4.6%. Chief Economist Mark Fleming suggests that areas with rapid supply growth may face stronger price moderation, while those with supply could see steadier growth or price reacceleration.

First American Data & Analytics released its December 2024 Home Price Index (HPI) report, showing that the New York-Jersey City-White Plains market experienced a 3.5% year-over-year increase in home prices, despite a -1.6% month-over-month decline.

Nationally, house prices grew modestly in 2024, with a 3.9% year-over-year increase and a slight 0.1% month-over-month gain. The market started 2024 strong with 7% annualized growth but gradually slowed due to higher mortgage rates and inventory levels.

In the New York-Jersey City-White Plains metro area, price growth varied across market segments: starter homes rose 5.3%, mid-tier properties increased 5.2%, and luxury homes gained 3.7%. Among major markets, Anaheim, California led with 6.1% growth, while Tampa, Florida saw the largest decline at -4.6%.

First American Data & Analytics released its December 2024 Home Price Index (HPI) report, showing modest national house price growth. The report indicates a 0.1% month-over-month increase and a 3.9% year-over-year growth in December 2024.

House prices are now 54.8% higher compared to pre-pandemic levels. While 2024 started strong with 7% annualized growth, it gradually slowed due to higher mortgage rates and increased inventory levels. Chief Economist Mark Fleming notes that similar conditions in 2025 could lead to moderate price appreciation.

Among metropolitan areas, Anaheim, California led with a 6.1% increase, followed by Cambridge, Massachusetts (6.0%), and Pittsburgh (5.8%). Conversely, some markets experienced declines, with Tampa, Florida showing the largest decrease at -4.6%, followed by Oakland (-0.8%) and Austin (-0.2%).

First American Financial (NYSE: FAF) has announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The dividend will be payable on March 17, 2025, to shareholders of record as of March 10, 2025. First American Financial is a premier provider of title, settlement and risk solutions for real estate transactions and leads the digital transformation of its industry.

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.