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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.

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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

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

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.

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

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.

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

Affordability Improves Nationally Based On Wage Growth, Although Not For Many Major Markets

By FirstAm Editor on December 26, 2016

First American’s proprietary Real House Price Index (RHPI) looks at October 2016 data and includes analysis from First American Chief Economist Mark Fleming on the impact of rising mortgage rates on consumer house buying power and affordability heading in to 2017.

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Topics: Interest Rates, Real House Price Index, income