Mortgage purchase applications were up 28 percent year over year, according to data released Wednesday by the Mortgage Bankers Association. Source: Inman News
Posts published in “first american”
First American’s “real house price index” surged in certain cities as the median income plummeted while home prices rose. Source: Inman News
Odeta Kushi, the deputy first economist at First American, doesn’t believe the COVID-19 crisis will lead to a massive spike in foreclosures. Source: Inman News
Even as home prices continue to appreciate, consumers have more spending power due to low mortgage rates, according to a survey by First American. Source:…
The result of a chinwag between First American and Boston Consulting Group’s Digital Ventures, the app keeps every party in check with the closing process…
First American’s chief economist emphasized the downside of plummeting mortgage rates. “Why move when you can lock in at less than 3 percent in a…
The average 30-year mortgage hit a new all-time low of 3.07 percent this week, according to data from Freddie Mac released Thursday. Source: Inman News
The real estate sector — not including rental and leasing — added more than 18,000 jobs in June, according to the U.S. Department of Labor. …
Sam Khater, chief economist at Freddie Mac, believes we’re starting to see American metros becoming more like European cities, where low- and middle-income individuals live…
More than 15 million Americans have filed for unemployment insurance since states began issuing stay-at-home orders. Source: Inman News