House Prices Over 40 Percent More Affordable Than Housing Boom Peak, According to First American Real House Price Index

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Aug 30, 2021

First+American+Financial+Corporation (NYSE: FAF),a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the June 2021 First+American+Real+House+Price+Index+%28RHPI%29. The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels.Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.