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Economic Center Blog

FirstAm Editor

Recent Posts

Interview On CNBC: Discussing The Housing Market’s Potential Shift Toward A Buyer’s Market

By FirstAm Editor on September 21, 2018

First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and discussed the housing market’s potential shift toward a buyer’s market and the challenges facing the market: affordability and interest rates.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability

Interviews On CNBC: Discussing Rising Mortgage Rates, House Price Appreciation, Millennial Demand And Lack Of New Home Construction

By FirstAm Editor on August 24, 2018

First American Chief Economist Mark Fleming was interviewed on CNBC earlier today as well as last Friday, August 17 and discussed how rising mortgage rates, house price appreciation, millennial demand and a lack of new homes may be squeezing affordability.

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Topics: New Home Buying, In The News, Interest Rates, Millennials, Affordability, housing starts

Interview On CNBC: Explaining The Shortage Of Supply In The Housing Market And Demographic Wave Of Demand

By FirstAm Editor on August 1, 2018

First American Chief Economist Mark Fleming was interviewed yesterday on CNBC and discussed housing supply and demand, affordability and challenges facing new home builders.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability

Quoted On Forbes.com: Rising Rates Can Increase Housing Demand

By FirstAm Editor on June 7, 2018

First American Chief Economist Mark Fleming was quoted Tuesday in a feature article on Forbes.com, explaining how rising rates can increase housing demand.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability

Interview On CNBC: Explaining The Link Between Rising Rates, Housing Supply And Affordability

By FirstAm Editor on May 18, 2018

First American Chief Economist Mark Fleming was interviewed yesterday on CNBC and explained the link between rising rates, housing supply and affordability.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability

Do Rising Rates Mean Rising Defect Risk?

By FirstAm Editor on February 1, 2018

We’ve posted the December First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remains the same as compared with the previous month, and increased 20.3 percent as compared with December 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Where Is Defect Risk ‘Naughty’ Or ‘Nice’?

By FirstAm Editor on December 28, 2017

We’ve posted the November First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remains the same as compared with the previous month, and increased 22.1 percent as compared with November 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

The Drag On Affordability Explained

By FirstAm Editor on December 21, 2017

First American’s proprietary Real House Price Index (RHPI) looks at October 2017 data and includes analysis from First American Chief Economist Mark Fleming on the market forces that are keeping a lid on affordability.

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Topics: Interest Rates, Real House Price Index, Income, Affordability

Outlook For Real Estate Rises Despite Supply Constraints

By FirstAm Editor on December 12, 2017

We invite you to browse the fourth quarter 2017 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts.

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Topics: Real Estate Sentiment Index

Loan Defect Risk Stabilizes Nationally, But Surges In Florida And Texas

By FirstAm Editor on November 30, 2017

We’ve posted the October First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remains the same as compared with the previous month, and increased 22.1 percent as compared with October 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index