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.

Recent Posts by Mark Fleming

Mark Fleming is the chief economist for First American Financial Corporation and leads First American’s Decision Sciences team.

How Will Rising Mortgage Rates Impact House-buying Power?

By Mark Fleming on October 26, 2021

In August, year-over-year nominal house price appreciation reached 20.7 percent, the third consecutive month it has set a new record. According to our Read More›

Interest Rates Real House Price Index Affordability

Do Rising House Prices Help Or Hurt The Housing Market?

By Mark Fleming on October 15, 2021

Housing market potential strengthened modestly in September, increasing a 0.4 percent compared with August, according to our Potential Home Sales Model. The slight increase means that on a year-over-year basis, housing m... Read More›

Interest Rates Homeownership Potential Home Sales

Homes More Affordable Today Than During Previous Housing Peak In Each Of The Top 50 Markets

By Mark Fleming on September 28, 2021

In July, housing affordability continued its decline as year-over-year nominal house price appreciation reached a record 20 percent, vastly outpacing the increase in house-buying power comp... Read More›

Interest Rates Real House Price Index Affordability

How Does Delta Variant-fueled Economic Uncertainty Impact Housing Market Potential?

By Mark Fleming on September 22, 2021

Housing market potential continued to strengthen in August, according to our Potential Home Sales Model, increasing 0.05 percent compared with July. The market potential for existing-home sales is now nearly 10 percent h... Read More›

Interest Rates Homeownership Potential Home Sales

Today's House Prices Are Over 40 Percent More Affordable Than The Housing Boom Peak

By Mark Fleming on August 30, 2021

The Real House Price Index (RHPI) measures affordability in the context of changes in consumer house-buying power, in... Read More›

Interest Rates Real House Price Index Affordability

How The ‘delta Dip’ Boosted Housing Market Potential

By Mark Fleming on August 20, 2021

Housing market potential strengthened in July, according to our Potential Home Sales Model, increasing 1.3 percent compared with June. It is now nearly 16 percent higher than in July of last year, when the housing market... Read More›

Interest Rates Homeownership Potential Home Sales