First Amern Finl Corp - FAF STOCK NEWS

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%.

First American Title Insurance Company has launched Order Insights, a real-time fraud alert system integrated into their AgentNet® Services platform. This new feature automatically validates transaction data and alerts title agents about discrepancies and potential fraud risks. The launch comes as real estate-related fraud losses exceeded $145 million in 2023, according to FBI data.

In November alone, Order Insights analyzed over 130,000 files for fraud prevention. The system is now available to all First American policy-issuing title agents as part of AgentNet® Services, which serves as a digital storefront for First American Title's products and services. The platform combines with AgentNet Knowledge to provide comprehensive fraud prevention tools and underwriting expertise.

Robert Karraa, President of First American Data & Analytics, has been named a 2024 Inman Best of Proptech award winner. The award recognizes leaders driving innovation in real estate technology. Under Karraa's leadership since inception, the company has developed industry-leading solutions leveraging the largest property and ownership dataset, containing over 8 billion document images.

The company's key innovations include Procision™, an advanced automated valuation suite, FraudGuard®, a fraud detection tool, and DataTree®, a comprehensive platform providing data on more than 150 million U.S. properties. First American Data & Analytics, a division of First American Financial (NYSE: FAF), continues to deliver solutions that enable smarter decision-making in real estate transactions.

First American Financial 's Chief Innovation Officer Paul Hurst has been named a 2024 Inman Best of Proptech award winner in the venture capital category for the second consecutive year. The award recognizes leaders driving proptech innovation in real estate.

As managing director of First American's venture capital arm Parker89, Hurst has led investments in over 20 high-growth proptech companies. He has also advanced internal technologies including Endpoint, a digital title and settlement solution, and Sequoia, an automated underwriting pilot for purchase transactions.

Hurst's previous accolades include recognition as a gold winner in the Innovator of the Year category at the 2022 Best in Biz Awards. First American CEO Ken DeGiorgio praised Hurst's leadership in leveraging data assets and technologies to enhance customer experience.

First American Financial (NYSE: FAF), a leader in title, settlement, and real estate transaction risk solutions, has announced its participation in the KBW Virtual Title Insurance Day conference. CEO Ken DeGiorgio and CFO Mark Seaton will engage in a fireside chat scheduled for 11 a.m. EST on Wednesday, Dec. 4, 2024. The event will be accessible through a live webcast on the company's investor website, with replay availability for 90 days after the event.