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™: Three Trends To Be Thankful For In The Economy And Housing Market

By FirstAm Editor on December 1, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi share examine three trends they are thankful for in the broader economy and housing market.

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Housing Interest Rates Affordability REconomy

House Prices Decline, But Equity Buffers Remain Robust

By Mark Fleming on November 28, 2022

In September 2022, the Real House Price Index (RHPI) jumped up by 60.6 percent on an annual basis. This rapid annual decline in affordability was driven by two factors – a 13.5 percent annual increase in nominal house prices an... Read More›

Interest Rates Real House Price Index 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

Why The Housing Market May Begin To Stabilize In 2023

By Mark Fleming on November 18, 2022

In October 2022, housing market potential fell by nearly 4 percent relative to last month and dropped 21 percent compared with October of last year, a decline of 1,334,000 potential existing-home sales. The steep annual decline in market potential was ... Read More›

Interest Rates Potential Home Sales tenure

The Reconomy Podcast™: Has The Federal Reserve’s Fight Against Inflation Peaked?

By FirstAm Editor on November 17, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi break down the Federal Reserve’s efforts to rein in inflation by raising the federal funds rate and tightening monetary po... Read More›

Housing Interest Rates Affordability REconomy

Will Foreclosures Rise As The Housing And Labor Markets Cool?

By Ksenia Potapov on November 15, 2022

The pandemic brought about both policies to protect homeowners from losing their homes – foreclosure moratoriums and forbearance programs – and concerns that a wave of foreclosures would crash upon the housing market once the protections ended. The wav... Read More›

Interest Rates Homeownership