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

Why The Time May Be Right For New Home Construction To Accelerate

By Odeta Kushi on November 8, 2019

Thus far in 2019, the story of the housing market has been a tale of strong housing demand and limited supply. On the demand side, steadily rising house-buying power has fueled greater demand. Falling mortgage rates and rising household income sparked a nearly 12.6 percent increase in house-buying power year to date through September. The...

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Topics: Housing New Home Buying housing starts

Why Our Economy Is Generating More Investment Growth In IP Than IT

By Odeta Kushi on October 16, 2019

Important, but easy to overlook shifts in investment trends may be contributing to our current era of low interest rates. An excess supply of global savings relative to the demand for that money for investments is driving down interest rates, which can be thought of as the price of money. The neutral rate of interest, which is monitored by the...

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Topics: Interest Rates Federal Reserve

Does Education Really Lead To Greater Earning Power?

By Odeta Kushi on September 13, 2019

Whether it’s parents shuttling their children off to elementary school or students starting their final year of college, back-to-school season is here. We generally spend a minimum of 12 years as a student, more if you pursue a college degree. Along the way, we’re told that education is critical to your ability to earn a decent living.

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Topics: Millennials Education Homeownership

Where Do Renters Have An Edge In The Pursuit Of Homeownership?

By Odeta Kushi on September 5, 2019

Traditional measures of affordability can be misleading to potential first-time home buyers because they compare overall median household income with the income required to purchase a median-priced home. However, median household income includes existing homeowner households, which have significantly higher median income than renter households,...

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

Dispelling The Myth Of The 20 Percent Down Payment

By Odeta Kushi on August 6, 2019

Since hitting a low point of 63 percent in 2016, the homeownership rate has rebounded, largely driven by millennial households purchasing their first homes. Many surveys, like one by Bank of the West, indicate that millennials are no different from previous generations – they view homeownership as a main tenet of the American Dream.

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Topics: Millennials Affordability Homeownership

How Has The Housing Market Changed Since The End Of The Great Recession?

By Odeta Kushi on July 3, 2019

June marked the 10-year anniversary of the end of the Great Recession. Amid Independence Day celebrations, assessing how the American dream of homeownership has fared since the recession can provide helpful context for the health of today’s housing market. We have assembled a set of housing metrics and compared their values today with what...

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Topics: Homeownership Progress Index Real House Price Index Affordability Homeownership