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Economic Center Blog

How Will Hurricanes Harvey And Irma Impact Housing Market Potential?

By Mark Fleming on September 19, 2017

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

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Topics: Interest Rates, Homeownership, Potential Home Sales, mortgage rates

Outlook For Real Estate Falls In Third Quarter Amid Rate Uncertainty

By FirstAm Editor on September 12, 2017

We invite you to browse the third 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: Homeownership, Real Estate Sentiment Index

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.

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

The Struggle Is Real For First-Time Homebuyers

By Mark Fleming on August 23, 2017

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

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Topics: Interest Rates, Homeownership, Potential Home Sales, mortgage rates

Outlook For Real Estate Market Surges In Second Quarter Amid Strong Demand

By FirstAm Editor on June 6, 2017

We invite you to browse the second 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: Homeownership, Real Estate Sentiment Index

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?

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

Market Potential Continues Slide In January As Higher Rates Reduce Supply

By Mark Fleming on February 21, 2017

First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales model with analysis of housing market trends in January 2017.

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Topics: Interest Rates, Homeownership, Existing Home Sales, Potential Home Sales

Money Matters Radio Interview – Does Marriage Matter To Homeownership?

By FirstAm Editor on February 17, 2017

First American Chief Economist Mark Fleming is interviewed on Money Matters Radio in Boston and shares his perspective on the connection between marriage, declining homeownership rates, and Millennial home buying.

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Topics: In The News, Homeownership, millennials

Infographic - Why Did Market Potential Pull Back In December?

By FirstAm Editor on January 24, 2017

The infographic below provides some additional perspective on the market forces influencing First American Chief Economist Mark Fleming's proprietary Potential Home Sales model in December 2016.  

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Topics: Homeownership, Existing Home Sales, Potential Home Sales

Three Reasons To Remain Bullish On Housing

By Mark Fleming on January 17, 2017

Last week, I participated in the 2017 Housing Market Forecast and Homebuyer Trends webinar hosted by the American Land Title Association (ALTA).  Jessica Lautz, a consumer research expert from the National Association of Realtors, and I discussed how the real estate market is changing and what we can expect. We tried to answer the question posed in the title of the webinar, “Has the Game Changed?

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Topics: Homeownership, millennials