2019 | ISSUE 11
The
Pronghorn Press ~ A WYOMING AGENCY NEWSLETTER ~
How Has the Housing Market Changed Since the End of the
GREAT RECESSION? By: Odeta Kushi, Deputy Chief Economist, First American Title June marked the 10-year anniversary of the end of the Great Recession. Amid Independence Day celebrations, assessing how the American dream of homeownership has fared since the recession can provide helpful context for the health of today’s housing market. We have assembled a set of housing metrics and compared their values today with what those metrics looked like at the end of the Great Recession.
Page
In This Issue
1-3
How Has the Housing Market Changed Since the End of the Great Recession?
4-6
Agent Print Pro®
7
eClosings and eSignings
8
eClosing Insurability Matrix
8
First American Launches Innovation Center
9
Wyoming Agency Team
In the Housing Health chart on the next page, housing demand metrics (blue), supply metrics (green), and homeownership metrics (red) are scaled relative to their level at the end of the Great Recession (100). That means that the metrics can be interpreted as percentage gains or losses relative to that point. For example, a metric with a value of 150 today has improved by 50 percent relative to its value at the end of the Great Recession. Today’s housing market enjoys much stronger demand than a decade ago, but housing supply has slumped. Continued on next page The information contained in this document was prepared by First American Title Insurance Company (“FATICO”) for informational purposes only and does not constitute legal advice. FATICO is not a law firm and this information is not intended to be legal advice. Readers should not act upon this without seeking advice from professional advisers. First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. AMD: 08/2019
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