Economic Center Blog
Welcome to the First American Economic Center Blog, a top source for the latest housing market research and analysis driven by Chief Economist Mark Fleming.

Affordability Declined For Third Month In A Row

By Mark Fleming on July 27, 2021

Housing affordability declined on a year-over-year basis for the third month in a row in May, following a two-year streak of rising affordability. The decline in May occurred even as two of the t... Read More›

Reconomy Podcast: What’s Driving The Shift In The Housing Market Today, Supply Or Demand?

By FirstAm Editor on July 23, 2021

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the supply and demand dynamic in the housing market to explain why home sales are d... Read More›

Housing Interest Rates Affordability REconomy

Housing Supply Limiting Market Potential

By Mark Fleming on July 16, 2021

Housing market potential strengthened modestly in June, increasing 0.2 percent compared with May, according to our Potential Home Sales Model. Potential home sales are nearly 17 percent higher than the pandemic-driven de... Read More›

Interest Rates Homeownership Potential Home Sales

Reconomy Podcast: What Will The End Of The Foreclosure Moratorium Mean For The Housing Market?

By FirstAm Editor on July 8, 2021

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why the end of the foreclosure moratorium later this month is unlikely to trigger a... Read More›

Housing Insurable Interest Affordability REconomy

Pandemic Accelerated 'roaring 20s' Of Millennial Homeownership Demand

By Odeta Kushi on June 29, 2021

National Homeownership Month takes on a ne... Read More›

Housing Millennials Homeownership Progress Index Homeownership

Is It A Good Time To Buy A Home?

By Mark Fleming on June 28, 2021

In today’s housing market, the power is very clearly in the hands of the seller. In April, First American Data & Analytics’ nominal house price index increased 16.2 percent year over year, the fastest pace since 2005... Read More›

Interest Rates Real House Price Index Affordability