Tuesday , 26 January 2021

First American

Housing Market Managing ‘Impressive V-Shaped Recovery’

Affordable homeownership opportunities continue to be an elusive object in the housing market, according to First American Financial Corp.’s newly-released First American Real House Price Index (RHPI) for June.   The report measures the price changes of single-family properties throughout the nation, adjusted for the impact of income and interest rate changes on consumer house-buying power over time … The post Housing Market …

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‘Foreclosure Tsunami’ Fears Might be Faulty—Here’s Why

Foreclosures will still happen, but, consider the two-step foreclosure process to understand why this recession is different.  As COVID-19 swept America, economic activity declined, and the unemployment rate spiked to 14.4 percent in April (and remains elevated today), some pundits predicted that up to 30% of homeowners would require forbearance, ultimately leading to a “foreclosure … The post ‘Foreclosure Tsunami’ …

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