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 Odeta Kushi

Top Five Cities For Lower-Income Renters To Pursue The Dream Of Homeownership

By Odeta Kushi on April 14, 2021

In the fourth quarter of 2020, the median renter experienced a 10 percent boost to their house-buying power relative to one year ago, but the share of homes they could afford to buy declined by 4 percentage points due to rising house prices, according to the First-Time Home Buyer Outlook Report. However, while we recently examined affordability...

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Topics: Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Where Can Potential First-Time Home Buyers Find The Largest Supply Of Affordable Homes?

By Odeta Kushi on March 23, 2021

In 2020, a combination of record low mortgage rates and millennials aging into homeownership boosted demand against a very limited supply of homes for sale, resulting in rapid house price appreciation. The nearly two-thirds of American households who already own homes saw their equity increase, while potential first-time home buyers, who are...

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Topics: First-Time Home Buyer Outlook Report Renter Affordability

Will The Pandemic “She-cession” Derail Growth In Homeownership Among Single Women?

By Odeta Kushi on March 11, 2021

During Women’s History Month, it’s important to reflect on the progress that single women have made in achieving one of the main tenets of the American Dream - homeownership. According to our analysis of anonymized household-level survey data, following an overall decline in the homeownership rate among single women in the aftermath of the...

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Topics: Housing Homeownership

Housing Market Potential Poised To Grow In 2021

By Odeta Kushi on February 18, 2021

At the onset of 2021, positive housing market dynamics powered growth in the market potential for existing-home sales, offsetting negative market supply dynamics. Millions more millennials will age into their prime home-buying age in 2021, and they will do so at a time of historically low mortgage rates. Working against them is the extremely...

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Topics: Interest Rates Potential Home Sales tenure

Is The Economy Stuck In Neutral?

By Odeta Kushi on February 3, 2021

When determining where to set the federal funds rate, the Federal Reserve studies a multitude of models and analyses, including the neutral rate of interest. The neutral “what” you ask? The neutral rate of interest is the short-term interest rate that would prevail when the economy is at full employment and stable inflation. The Fed may choose...

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Topics: Interest Rates Federal Reserve

Don’t Overlook The Benefit Of Equity When Considering Whether To Rent Or Own

By Odeta Kushi on January 25, 2021

As nominal house prices have soared over the last year, many potential first-time home buyers may be reconsidering whether to buy or to continue renting. Weighing the monthly cost of renting versus owning a home is a key factor in determining if it makes financial sense to buy a home. This update to a 2019 analysis, which found that owning was ...

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Topics: Affordability Homeownership Renter Affordability