We typically, actually almost exclusively, focus on residential real estate in the Economics Center. But, today it’s time to broaden our horizons. Focusing on residential real estate misses all the shops, restaurants, warehouses, hospitals and offices like the one I am sitting in right now writing this. In short, focusing on residential real ... Read More ›

For the month of March, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 11.5 percent or an estimated 664,000 seasonally adjusted, annualized rate (SAAR) of sales. The Potential Home Sales model provides a gauge on whether existing-home sales are under or ... Read More ›

For the month of February, First American’s proprietary Potential Home Sales model showed that the market potential for existing-home sales grew by 1.0 percent compared with January and increased by 3.6 percent compared with a year ago. The Potential Home Sales model provides a gauge on whether existing-home sales are under or over their long-run ... Read More ›

This week, the Federal Open Market Committee (FOMC) is holding their March meeting where they could, just possibly, decide to increase the benchmark Federal Funds Rate again. According to one survey by CNBC, the vast majority expect rates to remain unchanged. In that same survey, nearly all the respondents believed a rate hike was likely in the ... Read More ›

With cherry blossoms in Washington D.C. and warm weather everywhere else just around the corner, it means the spring home-buying season is upon us, right? What better rite of homeownership passage than the Sunday open house on a beautiful spring day? It’s a popular way to spend a Sunday, even if you aren’t really serious about buying, and are just ... Read More ›

For the month of January, First American’s proprietary Potential Home Sales model showed that the market potential for existing-home sales declined by 0.2 percent compared to December and decreased by 7.1 percent compared to a year ago. The Potential Home Sales model provides a gauge on whether existing-home sales are under or over their long-run ... Read More ›