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Economic Center Blog

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, Homeownership, Real House Price Index, income, affordability

What’s Behind September’s Surprise Increase In Affordability?

By FirstAm Editor on November 27, 2017

First American’s proprietary Real House Price Index (RHPI) looks at September 2017 data and includes analysis from First American Chief Economist Mark Fleming on the market forces that sparked a surprising increase in affordability in September.

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

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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