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 Xander Snyder

Xander Snyder is the senior commercial real estate economist for First American Financial Corporation, the premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry. In his role, he provides analysis, commentary and forecasts on commercial real estate trends. Snyder's research focuses on economic trends impacting commercial real estate, such as demographics, fundraising, investment, and commercial lending. He monitors, analyzes and reports on economic data and surveys related to commercial real estate, and develops models and forecasts to better understand the forces that influence commercial real estate markets. Before joining First American, Snyder developed data-driven models to guide real estate investment strategies, co-founded a proptech startup, and worked as a global risk analyst analyzing geopolitical risk around the world and consulting international companies on supply chain risk. Snyder graduated from Cornell University with a double degree in economics and classical music composition, earning the title of Summa Cum Laude. He is currently completing a master's degree in data science from UC Berkeley. Snyder, a native Angeleno, lives and works in Los Angeles.
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What Do Fewer Multifamily Transactions and Greater Pricing Uncertainty Mean for Cap Rates?

By Xander Snyder on January 27, 2023

Slowing demand to lease apartments is now reducing demand to own multifamily properties. Read More›

Commercial Real Estate Interest Rates Potential Cap Rate Model

CRE X-Factor: Watch CMBS Maturities for Early Indications of Risk

By Xander Snyder on January 18, 2023

Since Commercial Mortgage-Backed Securities (CMBS) are actively traded, their prices fluctuate more than other types of commercial debt as interest rates move. Given this interest rate sensitivity, CMBS provide insight into ... Read More›

Commercial Real Estate Interest Rates

‘Til Debt Do Us Part: What Maturing CMBS Debt Signals About the Scale of Refinancing Risk in 2023 and Beyond

By Xander Snyder on January 13, 2023

As the Federal Reserve further tightens monetary policy by raising interest rates, existing borrowers of fixed-rate debt will be impacted when that debt matures. At that point, borrowers will likely need to refinance at highe... Read More›

Commercial Real Estate Interest Rates

CRE X-Factor: Where is Commercial Real Estate Deal Activity Heading in 2023?

By Xander Snyder on December 16, 2022

Several commercial real estate (CRE) fundamentals continued to soften in October. It ... Read More›

Commercial Real Estate Interest Rates CRE X-Factor

Renters May Find Deals on Luxury Apartments in 2023

By Xander Snyder on December 8, 2022

During the pandemic, household formation soared and people sought more ideal remote working environments, which drove demand for housing, both owned a... Read More›

Commercial Real Estate Renter Affordability

How Work-From-Home is Driving Greater Shadow Office Space

By Xander Snyder on November 21, 2022

During the Great Recession, the phrase “shadow inventory” referred to the number of foreclosed housing units that had not yet hit the market but could be listed soon. A similar concept can be applied to today’s office vacancy rates. In a number of majo... Read More›

Commercial Real Estate