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.

Odeta Kushi

Recent Posts

Will Millennials Migrate Away From Coastal Markets For Homeownership In 2019?

By Odeta Kushi on January 7, 2019

As we enter 2019 and the bulk of the millennial generation ages into their prime home-buying years, is homeownership an attainable New Year’s resolution for millennials?

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Topics: Millennials, homeownership, Homeownership Progress Index, Education, Insider

How "Renter" Millennials Will Transform The Housing Market

By Odeta Kushi on December 10, 2018

Millennial demand for homeownership was one of the biggest trends influencing the housing market in 2018. Households under 35 years old contributed the most to overall homeownership growth in the third quarter of 2018, with millennial homeownership rising 1.2 percentage points from last year. This trend shows no indication of reversing in 2019....

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Topics: Millennials, homeownership, Homeownership Progress Index, Insider

Why ARMs Today Are Different

By Odeta Kushi on October 10, 2018

Adjustable-rate mortgages (ARMs), a symbol of the housing market crash, are making a comeback, but their resurgence is not an indicator of a potential negative turn in the housing market. An ARM is a mortgage that typically has a 30-year repayment term, but the interest rate is fixed for the first few years of the loan. Once the fixed period...

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Topics: Affordability, Interest Rates, Insider, Real House Price Index

Where Can Renters Find Affordable Homes To Buy?

By Odeta Kushi on August 20, 2018

Limited housing supply and growing millennial demand continue to drive home prices higher across the country. Even when adjusted for income growth and mortgage rates, prices are 11.4 percent higher than a year ago, according to our Real House Price Index. Unless income growth accelerates and begins to outpace house price appreciation, or...

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Topics: homeownership, Affordability, Housing, Insider

Is The American Dream An American Reality?

By Odeta Kushi on August 10, 2015

For young people throughout the 20th century, as well as Millennials today, becoming a homeowner has been a symbolic representation of achieving the American Dream. At a time when many claim that this dream is at greater risk for Millennials than it was for preceding generations, it is important to investigate whether this fear has a basis in...

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Topics: Millennials, Education

How Low Have The Mighty Fallen? Comparing Housing Market Recession And Recovery.

By Odeta Kushi on July 28, 2015

Not all housing markets are the same, particularly in their path to recovery since the housing market bubble popped almost a decade ago.  Measuring the severity and duration of collapse by market and the amount of price recovery to date reinforces that not all housing market recoveries are created equal.  Some markets are already better off...

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Topics: Real House Price Index

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