fa-header-logo_2.png

Economic Center Blog

The Fundamental Underlying Issue In The Housing Market

By FirstAm Editor on August 28, 2017

First American’s proprietary Real House Price Index (RHPI) looks at June 2017 data and includes analysis from First American Chief Economist Mark Fleming on the prevailing issue facing today’s housing market.

Read More ›

Topics: Interest Rates, Homeownership, Real House Price Index, income, affordability

Housing Market Faces Dilemma As Millennial Demand Continues To Grow

By Mark Fleming on June 20, 2017

First American’s proprietary Potential Home Sales model examines May 2017 data and includes analysis from First American Chief Economist Mark Fleming on how the real estate market is performing versus its potential.

Read More ›

Topics: millennials, Existing Home Sales, Potential Home Sales, affordability

Housing Affordability Ticks Up, But What Does That Mean For Spring Home Buying?

By FirstAm Editor on March 27, 2017

First American’s proprietary Real House Price Index (RHPI) looks at January 2017 data and includes analysis from First American Chief Economist Mark Fleming on the decline in affordability as consumer house-buying power dipped due to rising rates.

Read More ›

Topics: Interest Rates, Real House Price Index, income, affordability

Top 5 Most And Least Affordable Housing Markets Amid Higher Rates

By Mark Fleming on March 13, 2017

Recent economic data and comments by members of the Federal Open Market Committee (FOMC) all suggest that the chance of a rate increase this week after the FOMC meets is substantially higher than it was just a few weeks ago. Now that we are most likely in a rising rate environment, what does it mean for housing affordability?

Read More ›

Topics: Homeownership, Real House Price Index, affordability, insider

What’s Behind The December Dip In Housing Affordability?

By FirstAm Editor on February 27, 2017

First American’s proprietary Real House Price Index (RHPI) looks at December 2016 data and includes analysis from First American Chief Economist Mark Fleming on the decline in affordability as consumer house-buying power dipped due to rising rates.

Read More ›

Topics: Interest Rates, Real House Price Index, income, affordability

Just In Time For The Big Game: The Housing Benefit Of Football Fandom

By Mark Fleming on January 31, 2017

We all love our football, no more so than this weekend. But, it’s not just about cheering on your favorite team, guiltlessly eating wings, nachos or your favorite in-game football snack food, and gathering around that ever increasingly massive television (after all, it’s the second best time of the year to buy a television according to Consumer Reports).  Research shows that NFL team success can have a benefit for your wallet.

Read More ›

Topics: affordability, insider

Rising Rates And Strong Nominal Price Growth Halt Six-Month Run Of Increasing Affordability

By FirstAm Editor on January 30, 2017

First American’s proprietary Real House Price Index (RHPI) looks at November 2016 data and includes analysis from First American Chief Economist Mark Fleming on a shift in affordability as real house prices increased for the first time in six months.

Read More ›

Topics: Interest Rates, Real House Price Index, income, affordability

Wage Growth Contributes To Increased Affordability In Most Major Markets

By FirstAm Editor on November 28, 2016

First American’s proprietary Real House Price Index (RHPI) looks at September 2016 data and includes analysis from First American Chief Economist Mark Fleming that includes comments on last week’s conforming loan limit increase.

Read More ›

Topics: Interest Rates, Real House Price Index, income, affordability

Bloomberg Radio Interview – Fleming Says Housing Is More Affordable

By FirstAm Editor on October 26, 2016

First American Chief Economist Mark Fleming is interviewed on Bloomberg Radio to explain why housing is more affordable today than many people believe.

Read More ›

Topics: In The News, Real House Price Index, affordability

Low Rates And Increased Wages Increase Affordability For U.S. Home Buyers In Almost All Major Markets

By FirstAm Editor on October 25, 2016

First American’s proprietary Real House Price Index (RHPI) looks at August 2016 data and includes analysis from First American Chief Economist Mark Fleming that explains that counter to conventional wisdom, affordability for home buyers in many markets is increasing due to low interest rates and increasing wages.

Read More ›

Topics: Interest Rates, Real House Price Index, income, affordability