—Unlike typical homeownership rate studies, we’ve isolated the key
economic and demographic factors that influence homeownership, while
holding the other factors equal, so we’re able to provide a clearer
picture of the impact each factor has on homeownership, says Chief
Economist Mark Fleming—
SANTA ANA, Calif.--(BUSINESS WIRE)--
First
American Financial Corporation (NYSE: FAF), a leading
global provider of title insurance, settlement services and risk
solutions for real estate transactions, today published the findings
from a new study exploring the future of homeownership demand in the
U.S., titled “Six
Trends Poised to Reshape Homeownership Demand.” The study, developed
by First American Chief Economist Mark Fleming, provides an in-depth
look at the state of homeownership today and the trends that will
transform homeownership demand in the years ahead.
“Homeownership continues to be a critical driver of economic mobility,
delivering financial and social advantages to entire communities, so
understanding the forces that influence homeownership demand deserves
attention,” said Fleming. “We’ve examined the key factors that influence
the likelihood someone is a homeowner – educational attainment, income
level, economic conditions, marital status and more. But, unlike typical
homeownership rate studies, we’ve isolated each factor while holding the
other factors equal, so we’re able to provide a clearer picture of the
true impact that each of these economic and demographic factors have on
homeownership demand.”
“Six
Trends Poised to Reshape Homeownership Demand” can be downloaded for
Fleming’s insight on the trends listed below.
-
Trend #1: The Most Educated Generation in the U.S.
-
Trend #2: Homes and Marriage Go Together
-
Trend #3: The Home is a Family Formation Station
-
Trend #4: Finally, Income Growth
-
Trend #5: Is It All About the Economy?
-
Trend #6: Closing the Gaps
Disclaimer
Opinions, estimates, forecasts and other views contained in this page
are those of First American’s Chief Economist, do not necessarily
represent the views of First American or its management, should not be
construed as indicating First American’s business prospects or expected
results, and are subject to change without notice. Although the First
American Economics team attempts to provide reliable, useful
information, it does not guarantee that the information is accurate,
current or suitable for any particular purpose. © 2017 by First
American. Information from this page may be used with proper attribution.
About First American
First American Financial Corporation (NYSE: FAF) is a leading
provider of title insurance, settlement services and risk solutions for
real estate transactions that traces its heritage back to 1889. First
American also provides title plant management services; title and other
real property records and images; valuation products and services; home
warranty products; property and casualty insurance; and banking, trust
and investment advisory services. With total revenue of $5.6 billion in
2016, the company offers its products and services directly and through
its agents throughout the United States and abroad. In 2016 and again in
2017, First American was named to the Fortune 100 Best Companies
to Work For® list. More information about the company can be
found at www.firstam.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170713005890/en/
Source: First American Financial Corporation