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.

The Reconomy Podcast™: Are House Prices More Affordable Than The Housing Boom Peak?

By FirstAm Editor on September 9, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why falling mortgage rates and rising income levels mean today’s soaring house pri... Read More›

Housing Interest Rates Affordability REconomy

Today's House Prices Are Over 40 Percent More Affordable Than The Housing Boom Peak

By Mark Fleming on August 30, 2021

The Real House Price Index (RHPI) measures affordability in the context of changes in consumer house-buying power, in... Read More›

Interest Rates Real House Price Index Affordability

Reconomy Podcast: What’s Driving Mortgage Rates And Where Are Rates Headed?

By FirstAm Editor on August 26, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain what causes mortgage rates to move up or down, and offers a mortgage rate forecast... Read More›

Housing Interest Rates Affordability REconomy

Interviews With Cnbc And Yahoo! Finance: Is The Housing Market Cooling?

By FirstAm Editor on August 24, 2021

First American Deputy Chief Economist Odeta Kushi was interviewed on CNBC and Yahoo! Finance last week, discussing potential moderation of the housing market and affordability challenges with CNBC and providing perspecti... Read More›

Housing In The News Affordability

How The ‘delta Dip’ Boosted Housing Market Potential

By Mark Fleming on August 20, 2021

Housing market potential strengthened in July, according to our Potential Home Sales Model, increasing 1.3 percent compared with June. It is now nearly 16 percent higher than in July of last year, when the housing market... Read More›

Interest Rates Homeownership Potential Home Sales

Why Owning A Home Was Cheaper Than Renting In All 50 Top U.s. Markets

By Odeta Kushi on August 16, 2021

When potential first-time home buyers consider making the transition to homeownership, they ask themselves whether it makes more financial sense to keep renting, or to buy. The pandemic has undoubtedly impacted that calc... Read More›

Affordability Homeownership Renter Affordability