Friday, April 19, 2024 | The Latest Buzz for the Appraisal Industry

Buyers’ FOMO on Lower Rates May Cause Increase in Home Purchases Before Spring

First American Financial Corp. has released the November 2021 First American Real House Price Index (RHPI). Real house prices increased 1.5% between October 2021 and November 2021, and increased 21% between November 2020 and November 2021. Real house prices are 5.6% less expensive than in January 2000.

“In November, year-over-year nominal house price appreciation reached 21.5 percent, the sixth consecutive month it has set a new record,” observes Mark Fleming, chief economist at First

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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