Recent Posts by Mark Fleming

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

Housing Market Potential Little Changed, But Will the Supply Shortage Continue in 2018?

By Mark Fleming on January 23, 2018
First American’s proprietary Potential Home Sales model examines December 2017 data and includes analysis from First American Chief Economist Mark Fleming on how the real estate market is performing versus its potential. Read More

Housing Interest Rates

What Does the First Release of Housing Data in 2018 Say About the Housing Market?

By Mark Fleming on January 20, 2018
The end of 2017 brought mixed news for housing starts, according to Thursday’s release of December 2017 housing starts data, which marked the first report on national housing data this year. Read More

Housing

Tightening Supply Squeezes Market Potential

By Mark Fleming on December 19, 2017
First American’s proprietary Potential Home Sales model examines November 2017 data and includes analysis from First American Chief Economist Mark Fleming on how the real estate market is performing versus its potential. Read More

Housing Interest Rates

Best Cities to Maximize Borrowing Power for First-Time Home Buyers

By Mark Fleming on December 11, 2017
It’s a near certainty that the Federal Open Market Committee (FOMC) will raise the short-term Federal Funds rate this week. The CME group estimates the probability of a 25 basis-point increase at 90.2 percent. Some may fret about how this will impact the housing market, but they are missing the point on mortgage rates and affordability for ... Read More

Housing Interest Rates Federal Reserve Affordability

What's Keeping the Market Below Potential?

By Mark Fleming on November 20, 2017
First American’s proprietary Potential Home Sales model examines October 2017 data and includes analysis from First American Chief Economist Mark Fleming on how the real estate market is performing versus its potential. Read More

Housing Interest Rates

Five Best Cities for Economic Opportunity

By Mark Fleming on November 16, 2017
Amazon’s very public search to identify the best location for its second headquarters made me wonder - what criteria would be helpful for young professionals when making their personal decision on where to live and work? Affordable housing would be important. For example, you can buy so much more home in Texas or Ohio than you can in California. ... Read More

Real House Price Index Affordability