First American Financial Corp. has released the January 2022 First American Real House Price Index (RHPI). The Real House Price Index (RHPI) increased by nearly 27%, the fastest growth in the RHPI since 2004, says Mark Fleming, chief economist at First American. There was a 21.7% annual increase in nominal house prices and a 0.7 percentage point increase in the 30-year, fixed mortgage rate compared the same timeframe a one year ago. Household income
From Forms to Reports: A Look at the UAD Overhaul
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).