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.

Interview On Nightly Business Report: Discussing Surge In Potential Housing Supply

By FirstAm Editor on September 24, 2019

First American Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week and discussed the dramatic jump in housing starts to a 12-year high, signaling the potential for some housing supply relief in the near future.

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Topics: Housing In The News Interest Rates housing starts

How Did Affordability Change During The Spring Home-Buying Season?

By Mark Fleming on September 23, 2019

School bells ringing don’t just mark the beginning of a new school year, but for those in housing, they also signal the end of the typical home-buying season, which begins in March. As the school year begins, the housing market is finishing the spring home-buying season with strong marks for affordability. Indeed, two of the three key drivers...

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Topics: Interest Rates Real House Price Index Affordability

How Can Existing-Home Sales Exceed Market Potential?

By Mark Fleming on September 18, 2019

The housing market exceeded its potential in August 2019, as actual existing-home sales were 0.8 percent above the market’s potential. Housing market potential increased relative to last month, but declined 1.9 percent compared with August of last year. While down compared with a year ago, existing-home sales have slightly outperformed market...

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Topics: Interest Rates Potential Home Sales tenure

What Is The Neutral Rate Of Interest And How Does It Influence The Federal Reserve?

By Mark Fleming on September 17, 2019

Many people understand the “natural rate of unemployment,” and if you don’t, you can probably guess what it is – the rate of unemployment when the labor market reaches equilibrium. What many people don’t know is that a similar concept exists in monetary policy.

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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

Interview On FOXBusiness: Discussing The Outlook For The U.S. Economy, Federal Reserve Policy And The State Of The Job Market

By FirstAm Editor on September 6, 2019

First American Chief Economist Mark Fleming was interviewed on FOXBusiness earlier this week and discussed the U.S. economy, Federal Reserve policy and the state of the job market.

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Topics: In The News Interest Rates Federal Reserve