First American Financial Corp.

Though potential homeownership demand declined moderately between 2015 and 2016, the underlying fundamentals for demand remained positive.

The cheapest housing markets aren't always the most affordable cities for first-time home buyers and existing homeowners. Here's a look at 12 cities with low home prices, but where other factors put a damper on purchasing power.

Loan application defects increased for the seventh consecutive month in June, due to the highly competitive purchase market, according to First American Financial Corp.

Strong housing demand continued to outpace supply in June, in large part because millennial buyers are on the rise, according to First American Financial Corp.

Here's a look at the 12 cities where the combination of prices and local wages offer homebuyers the best bang for the buck this house hunting season.

Defects and misrepresentations on mortgage applications rose 2.5% in May, reaching levels last seen in 2015, according to the First American Loan Defect Index

The market for existing-home sales underperformed its potential by 3.8% because of the inventory shortage, according to First American Financial Corp.

Defects and misrepresentations on mortgage applications rose for the fifth consecutive month in April, with increases for both purchase and refinance loans.

Rising prices are holding back some potential sellers from listing their properties because they fear they won't find an affordable replacement, according to First American Financial Corp.

Here's a look at the 12 markets where rising home prices, along with shifts in wages and interest rates, have combined to put the most downward pressure on consumers' purchasing power.