fa-header-logo_2.png

Economic Center Blog

Will August Uptick In Affordability Continue?

By FirstAm Editor on October 30, 2017

First American’s proprietary Real House Price Index (RHPI) looks at August 2017 data and includes analysis from First American Chief Economist Mark Fleming on what’s behind the surprising increase in affordability in August and whether or not that trend will continue.

Read More ›

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

Supply Squeeze Tightens Grip On Affordability In July

By FirstAm Editor on September 26, 2017

First American’s proprietary Real House Price Index (RHPI) looks at July 2017 data and includes analysis from First American Chief Economist Mark Fleming on the supply constraints impacting the housing market.

Read More ›

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

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

What Caused Real House Price Growth To Cool In May?

By FirstAm Editor on July 24, 2017

First American’s proprietary Real House Price Index (RHPI) looks at May 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on consumer house-buying power – a brief reprieve from rising real house prices.

Read More ›

Topics: Interest Rates, Real House Price Index, income

What Caused Real House Prices To Decline For The First Time In 8 Months?

By FirstAm Editor on June 26, 2017

First American’s proprietary Real House Price Index (RHPI) looks at April 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on real house prices.

Read More ›

Topics: Interest Rates, Real House Price Index, income

Supply Squeeze Sends Real House Prices Higher

By FirstAm Editor on May 25, 2017

First American’s proprietary Real House Price Index (RHPI) looks at March 2017 data and includes analysis from First American Chief Economist Mark Fleming on the continuing supply squeeze and its effect on real house prices.

Read More ›

Topics: Interest Rates, Real House Price Index, income

What’s Behind The Surge In Real House Prices?

By FirstAm Editor on April 24, 2017

First American’s proprietary Real House Price Index (RHPI) looks at February 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of under-supplied markets on real house prices.

Read More ›

Topics: Interest Rates, Real House Price Index, income

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

Two Trends Poised To Trigger Potential Surge In Homeownership Demand This Spring

By Mark Fleming on March 2, 2017

The spring home-buying season is right around the corner. As we reflect back on the spring of last year, it becomes clear that we were spoiled in 2016 with mortgage rates well below 4 percent at the beginning spring, and flirting with record lows at 3.4 percent in the summer. This year began with mortgage rates at 4.25 percent, and concern mounting that mortgage rates would rise further this spring. Despite the higher mortgage rates, the most recent January existing-home sales numbers increased dramatically, surpassing a recent cyclical high and increasing to the fastest pace in almost a decade. This represents a potential trigger moment in housing. While inventories remain very low, and median home prices are on a 59-month streak of increases on a year-over-year basis (7.1 percent), home sales remain robust. Could the strong home sales signal a pending broad upsurge in the desire for homeownership?

Read More ›

Topics: Homeownership Progress Index, income, 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