Tuesday, 18 January 2022 | The Latest Buzz for the Appraisal Industry

First American Predicts Rising Rates Will Dampen House-buying Power

First American Financial Corp. has released the August 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.

“In August, year-over-year nominal house price appreciation

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