Recent Posts by Mark Fleming
Mark Fleming is the chief economist for First American Financial Corporation and leads First American’s Decision Sciences team.
Does Rising Housing Inventory Signal the Beginning of a Buyer’s Market?
By
Mark Fleming on September 17, 2018
Last month, we noted in our latest Real House Price Index (RHPI) report that house price appreciation may be slowing. According to our RHPI, 21 cities experienced a monthly decline in their real, consumer house-buying power-adjusted price level. One reason for the price appreciation slowdown is that 21 of the 50 largest cities in the U.S. ...
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Interest Rates Mortgages Real House Price Index Affordability Housing supply
Why Education is the Best Investment for Homeownership
By
Mark Fleming on September 7, 2018
Whether students are beginning middle school or their last year of college, back-to-school season is here. Although many students may grimace when they hear “back to school,” they won’t regret pursuing a higher education as adults as they compete for well-paying jobs and one day, hopefully, buy a home.
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Impact of FinTech Investment Felt in Nearly All Markets
By
Mark Fleming on August 31, 2018
The Loan Application Defect Index for purchase transactions continued its downward trend, declining 1.3 percent in July compared with the month before, the seventh consecutive month defect risk in purchase transactions have fallen. Yet, is declining loan application misrepresentation, defect and fraud risk isolated to a few markets or is the trend ...
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Has House Price Appreciation Reached a Tipping Point?
By
Mark Fleming on August 27, 2018
House price appreciation remains on a tear, as unadjusted home prices nationwide increased by 7.3 percent compared with a year ago and are now 1.3 percent above the housing boom peak in 2006, according to DataTree by First American. The U.S. economy continues to perform well, as the current economic expansion reaches record levels, prompting some ...
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Why Hasn’t Economic Momentum Lifted Home Sales?
By
Mark Fleming on August 21, 2018
The U.S. economy remains on an impressive growth streak. Last month, the Commerce Department reported that the gross domestic product, the broadest measure of goods and services produced in the economy, grew at a 4.1 percent annualized rate in the second quarter, the strongest pace of growth since 2014. The economy has added jobs every month for ...
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Did July Housing Starts Signal More Housing Supply for Home Buyers?
By
Mark Fleming on August 17, 2018
The short answer is yes. Home buyers looking for more housing supply to choose from can take heart, as Thursday’s Census Bureau report on housing construction showed builders are starting work on additional housing, inching closer to balancing inventory with demand.
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