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.

How Does Delta Variant-fueled Economic Uncertainty Impact Housing Market Potential?

By Mark Fleming on September 22, 2021

Housing market potential continued to strengthen in August, according to our Potential Home Sales Model, increasing 0.05 percent compared with July. The market potential for existing-home sales is now nearly 10 percent h... Read More›

Interest Rates Homeownership Potential Home Sales

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, whic... Read More›

Housing Housing supply

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