House prices decline, but equity buffers remain robust, according to first american real house price index

Santa ana, calif.--( business wire )-- first american financial corporation (nyse: faf), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the september 2022 first american real house price index (rhpi). 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.
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