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 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

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›

Interest Rates Real House Price Index Affordability

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

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