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

Millennials Continued to Drive Homeownership Demand in 2021

By Odeta Kushi on July 6, 2022
In 2022, National Homeownership Month arrived in June as the housing market adjusts to higher mortgage rates amid still strong nominal house price appreciation, which have resulted in a significant decline in house-buying power. The housing boom of 2020 and 2021 was the exception, not the rule. Record-low mortgage rates, the ability to work from ... Read More›

Housing Millennials Homeownership Progress Index Homeownership

Single Women Skip the Spouse to Buy a House

By Odeta Kushi on March 8, 2022
As we celebrate International Women’s Day and Women’s History Month, growing numbers of women, specifically single women, have become homeowners, achieving one of the main tenets of the American Dream. In the aftermath of the Great Recession, the overall homeownership rate reached a low point of 63 percent in 2016, but has since rebounded to 65.5 ... Read More›

Housing Homeownership

What’s the Outlook for the Housing Market in 2022?

By Odeta Kushi on December 20, 2021
At first glance, the outlook for the 2022 housing market is a familiar one – strong millennial demand for homes constrained by an ongoing, historic housing supply shortage. This supply-demand imbalance generated the record house price appreciation seen in 2021 and, given this dynamic shows few signs of changing, we expect house price appreciation ... Read More›

Housing Interest Rates Millennials Affordability

Where Can Residential Real Estate Investors Find the Most Potential ROI?

By Odeta Kushi on December 15, 2021
Over the past year, increasing investor activity in residential real estate, particularly in single-family homes, has drawn a lot of attention. News of large institutional investors snapping up single-family homes underscored this summer’s historically hot housing market. Investors now own an estimated 2 percent of single-family rental housing ... Read More›

Housing Homeownership

Does Greater Educational Achievement Increase the Likelihood of Homeownership?

By Odeta Kushi on October 14, 2021
We’re often told that education is the key to a more secure financial future. Most people spend at least 12 years of their lives as students and even more if they pursue higher education. But does more education equate to increased earning potential? And, if so, does the increased earning potential translate to a greater likelihood of becoming a ... Read More›

Millennials Education Homeownership Progress Index Homeownership

Will Housing Market Seasonality Return to Normal?

By Odeta Kushi on September 17, 2021
September is commonly associated with the beginning of the school year, but it also signals the end of the peak home buying season. The tapering of the housing market in September is part of its normal annual cycle, which follows the same general pattern of peaks and troughs every year, with one big exception. In 2020, the pandemic was the ... Read More›

Housing Housing supply