Tag Archives: first american

Offerpad buys more time with $90M raise as end of runway approaches

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Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Continue reading →

First American’s PRISM platform evolving beyond title insurance

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After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys. Continue reading →

‘Big four’ title insurers take market share from independents

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As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw second-quarter premiums drop by 18.4 percent. Continue reading →

New construction scores a modest win as housing starts jump 12%

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Monthly housing starts rose 12.2 percent in August to a seasonally adjusted rate of 1,575,000, according to U.S. Census Bureau data released Tuesday. August 2022 levels fell 0.1 percent year over year. Continue reading →

Inman’s ultimate guide to navigating the topsy-turvy fall housing market

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Buyers and sellers face a new reality where bidding wars will be rare, days on market lengthen and markets go from boom to bust (and bust to boom). But don’t fear — Inman has you covered. Continue reading →

Housing inflation isn’t slowing yet. And it may prove tough to tame

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The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way. Continue reading →

First American touts Procision as ‘next-generation’ valuation model

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The Procision AVM suite comes in three flavors for mortgage lenders, capital market investors, proptechs and real estate professionals. Continue reading →

Home sales should be falling but not this fast. Here are 3 things to watch

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Homebuying power has been in decline, but the market fundamentals remain as strong as they were in 2019. Here is some advice from First American Chief Economist Mark Fleming. Continue reading →

Housing costs eyed as major culprit in latest 9.1% inflation hike

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Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics. Continue reading →

Proptech investor Paul Hurst sees a ton of opportunity in market shift

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The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now. Continue reading →