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

Top 10 Cities With The Largest Supply Of Affordable Homes For First-Time Home Buyers

By Odeta Kushi on June 13, 2019

Faced with often misleading affordability metrics and seemingly challenging housing market dynamics, many renters may underestimate their house-buying power and the supply of homes in their market that they can afford. Potential first-time home buyers can benefit from a more targeted examination of affordability, which begins by accurately...

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Topics: Affordability, First-Time Home Buyer Outlook Report

How Have The 2017 Tax Law Changes Impacted Real Estate Prices?

By Odeta Kushi on May 13, 2019

Enacted in 2017, the Tax Cuts and Jobs Act reduced tax breaks for homeowners. At the time, many in the real estate industry expected the changes to negatively impact the housing market, particularly in high-priced neighborhoods. The industry concern primarily focused on two specific changes included in the bill: the mortgage interest deduction...

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Topics: Affordability, Taxes, homeownership

How Will Low Mortgage Rates Impact Housing Affordability This Spring?

By Odeta Kushi on April 17, 2019

Last year, the over-arching trend in the housing market was the impact of rising rates on affordability. Mortgage rates had been increasing since 2017 and that trend continued in 2018, especially in the second half of the year. Rates were rising largely due to a strengthening economy – the Fed raises rates in a strong economy to encourage...

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Topics: Interest Rates, Real House Price Index, Federal Reserve

How Homebodies Hold Down Home Sales

By Odeta Kushi on March 19, 2019

First American’s most recent Potential Home Sales model for January 2019 found a 5.7 percent decline in the market potential for existing home sales, compared to the previous year. Increasing tenure length (the length of time a homeowner stays in their home before moving) was the most prominent factor leading to this decline.

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Topics: homeownership, Potential Home Sales, tenure

What Is The Impact Of Student Loan Debt On House-Buying Power?

By Odeta Kushi on February 15, 2019

Contrary to many reports, student loan debt is not an insurmountable barrier to homeownership for millennials. Student loan debt is more likely to delay the timing of homeownership, but it does not necessarily prevent homeownership. But, this begs the questions, how does student loan debt impact house-buying power? And, is higher education a...

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

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, Education, Homeownership Progress Index, Insider, homeownership

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