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Economic Center Blog

What's Keeping The Market Below Potential?

By Mark Fleming on November 20, 2017

First American’s proprietary Potential Home Sales model examines October 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

Many Experts Miss The Point On Mortgage Rates And Affordability For First-Time Home Buyers

By Mark Fleming on November 6, 2017

Last week, the Federal Open Market Committee (FOMC) met for the second to last time this year. As most prognosticators expected, the FOMC decided to leave the short-term Federal Funds rate unchanged. While good news for those with credit card debt, car loans and adjustable rate mortgages, the impact of FOMC inaction, or action for that matter, is less clear for the mortgage market. Additionally, Jerome Powell was nominated to be the next Chairman of the Federal Reserve and he is widely believed to hold a similar stance on monetary policy as the current chair, Janet Yellen.

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Topics: Interest Rates, Federal Reserve, affordability, insider, mortgage rates

Hesitant Homeowners And Hurricanes Hit Housing Market

By Mark Fleming on October 20, 2017

First American’s proprietary Potential Home Sales model examines September 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

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

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

The Persistent Force Behind Lower Affordability

By Mark Fleming on July 20, 2017

First American’s proprietary Potential Home Sales model examines June 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: Existing Home Sales, Potential Home Sales, mortgage rates

When Does A Home Become A Prison?

By Mark Fleming on July 19, 2017

The housing market is suffering from a supply shortage, not a demand dilemma. As Millennial first-time homebuyer demand continues to increase, the inventory of homes for sale tightens. At the same time, prices are increasing, so why aren’t there more homeowners selling their homes?

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Topics: insider, mortgage rates

Rising Mortgage Rates Dampen Market Potential In December

By Mark Fleming on January 23, 2017

First American's proprietary Potential Home Sales model examines December 2016 data and includes analysis from Chief Economist Mark Fleming on the impact of rising rates amid growing demand and limited inventory.

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Topics: Existing Home Sales, Potential Home Sales, mortgage rates

Rising Mortgage Rates Expected To Cool Market Potential In 2017

By FirstAm Editor on December 19, 2016

First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales model for November, with analysis of the housing market's overall health. 

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Topics: Homeownership, Existing Home Sales, Potential Home Sales, mortgage rates

Lack Of Affordable Inventory Keeps Market Below Potential

By Mark Fleming on November 21, 2016

October 2016 Potential Home Sales

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Topics: Homeownership, Existing Home Sales, Potential Home Sales, mortgage rates