First American

We know what you’re wondering: Why are mortgage rates increasing when the Federal Reserve is cutting rates? The answer is complicated. Upwardly revised economic data, strong employment numbers, and the election have lowered bond market expectations for future rate cuts relative to the Fed’s projections. Collectively, these factors have pushed up mortgage rates. So, what does this mean for future homebuyers? At this time, a gradual easing is still anticipated in 2025, but the “higher for longer” stance will continue to limit housing market potential, reducing affordability and keeping both buyers and sellers cautious about entering the housing market. #HousingMarket #RealEstate #HomeBuying

The decision to buy a home is the first step. Next up: preparation. It's a good thing we made this online guide just for you so you can rest assured as you take the next steps.

Why settle for ordinary when you can be part of something extraordinary? At First American, our culture sets us apart. We're proud recipients of multiple awards for workplace excellence, and it's no surprise why. With industry-leading leadership and development programs, we invest in our employees' success every step of the way. #Hiring #LifeatFirstAm #Careers https://firstam.us/3CBYXCe

When we read about the current housing market, a term that often comes up is "limited inventory." So, why don't we just build more homes? Turns out it's not that easy. Builders have been facing a series of ongoing supply-side challenges stemming from skilled labor, lot shortages, lending issues, rising material costs, and regulatory barriers that have made it difficult to deliver more homes. Let's break it down. ? Labor: The manual labor and workforce needed to construct (aka you need more hammers at work to build more homes). ? Lots: Residential land that is available to buy and build on. ? Legal Issues: Regulations imposed by all levels of government that everyone must abide by and ultimately make the process more expensive. ? Lumber: The materials needed for residential construction costs, which remain nearly 30% higher than pre-pandemic. ? Lending: The availability of financing for a home, which continued to tighten this year and became even more expensive for most types of loans. Were you aware of these factors? Let us know in the comments below.

In the vast world of social media, there's more than just cat videos and memes lurking around. Scammers roam freely, poised to exploit unsuspecting users through deceptive personas, profile breaches, or even impersonation to deceive your closest connections. Keep these recommendations in mind when navigating social media platforms. ? Be mindful of what you share. ? Review your privacy settings. ? Use unique, strong passwords.

The differences between various insurance and warranty products can be daunting. Learn more about what is covered under each.

Zoning regulations can help shape and define the dynamics of different cities. Though most of the United States is zoned for single-family homes, which do you prefer: a single-family home in the suburbs or an apartment with centralized city living? #FirstAmEcon #HousingMarket #RealEstate

Chris Flynn, Head of Product & Strategy at First American Data & Analytics, and Nicki Todd, SVP of Technology at First American Mortgage Solutions, have been honored by HousingWire and named on their recent list of 2024 Tech Trendsetters. Winners on this list are selected based on their vital and dynamic contributions to their organizations and to the housing industry as a whole. Congratulations Nicki and Chris! Thank you for all that you do for our customers and for First American. #Innovation #RealEstate #Tech

The past can be scary. Title insurance can help protect you from events that may have happened prior to you owning your home. Click through below to learn more about what title insurance can protect you from. Disclaimer: haunting not covered.

Don't fall for the hook! Phishing is the top cybercrime reported to the FBI and a major threat to real estate transactions. Do you know how to spot phishing attacks? Stay savvy, look out for suspicious emails, verify sources, and always double-check before clicking.