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Housing Economists Offer Mixed Views on Jobs Data

Housing Economists Offer Mixed Views on Jobs Data

by Phil Hall | May 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

This morning’s Labor Department data on the addition of 175,000 jobs in April and an uptick in the unemployment rate to 3.9% brought a mixed reaction from economists focused on the housing market. “An economy that is too hot is not good for interest rates,” said...
Housing Starts Plummet by 12.4%

Housing Starts Plummet by 12.4%

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in March were at a rate of 1.02 million, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development. This is 12.4% below the revised February figure of 1.16 million. Privately‐owned housing starts in...
First American Home Warranty Now Available in Illinois

First American Home Warranty Now Available in Illinois

by Phil Hall | Nov 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First American Home Warranty, a subsidiary of First American Financial Corp.  (NYSE:FAF), has expanded its operations into Illinois. According to the company, it will provide three of its home warranty plans – the Starter, Essential, and Premium plans – to Illinois...
New Study Finds Affordable Homeownership Sinking to Three-Decade Low

New Study Finds Affordable Homeownership Sinking to Three-Decade Low

by Phil Hall | Sep 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of affordable homeownership has declined to a depth not seen in more than three decades, according to the new Real House Price Index (RHPI) published by First American Financial Corp. (NYSE: FAF). According to First American, the RHPI measures the price...
Jody Mulkey Named Chief Technology Officer at First American Financial Corp.

Jody Mulkey Named Chief Technology Officer at First American Financial Corp.

by Phil Hall | Jul 7, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

First American Financial Corp. (NYSE: FAF), a Santa Ana, California-based provider of title, settlement and risk solutions for real estate transactions, has hired Jody Mulkey for the new position of chief technology officer. In this new position, Mulkey will oversee...
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