Investor Presentaiton
10
2,700
2,200
1,700
Purchase Market Appears to Have Stabilized
GROWTH RATE vs. PRIOR YEAR
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%
Q1'18
Q2'18
Q3'18
Q4'18
☐
Q1'19
Q2'19
Q3'19
Q4'19
Q1'20
Q2'20
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Title Order Closed Average Revenue per Order
PURCHASE OPEN ORDERS/DAY
1,200
Jan Feb
2020
2021
Mar Apr May Jun Jul Aug Sep Oct
2019
-2022
2023
Nov
Dec
Q3'23
Purchase Market
Market demand has declined, as high mortgage
rates and home prices continue to significantly
stress affordability
Inventory remains low as homeowners
remain in place
Limited inventory/supply keeping home
prices firm
Longer term, demographics and other
market demand factors remain favorable
First American Operations
◉
◉
~550 local offices focused on purchase
Leading homebuilder business
Fee per file 2.5x refinance
22 SQUARE PEDESTAL
24% SQUARE PEDESTAL
35 SOLARE PEDESTAL
AMERICA
First AmericanView entire presentation