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.

It Doesn’t Take Much House Price Appreciation To Make Owning A Better Choice Than Renting

By Ksenia Potapov on April 15, 2022

In August 2021, our analysis found that owning a home was cheaper than renting in all 50 of the top U.S. markets, largely due to Read More›

First-Time Homebuyer Homeownership Renter Affordability

Commercial Real Estate Prices Still Have Room To Run

By Xander Snyder on April 14, 2022

In the initial stages of the pandemic, some sectors of the commercial real estate market suffered. As people shifted to working from home – avoiding travel, visiting retail stores, and dining in restaurants – prices for hotels, retail properties, offic... Read More›

Commercial Real Estate Interest Rates Potential Cap Rate Model

The Reconomy Podcast™: What Does It Mean When Mortgage Rates Are Less Than The Rate Of Inflation?

By FirstAm Editor on April 7, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the extremely rare phenomenon of real, negative mortgage rates – when the average 30-year, fixed mortgage rate is ... Read More›

Housing Interest Rates Affordability REconomy

Is Affordability Worse Than The 2006 Housing Boom Peak?

By Mark Fleming on March 29, 2022

In the first report with 2022 data, the Real House Price Index (RHPI) jumped up by nearly 27 percent, the fastest growth in the RHPI since 2004. This rapid... Read More›

Interest Rates Real House Price Index Affordability

The Reconomy Podcast™: What’s The Outlook For The 2022 Spring Home-buying Season?

By FirstAm Editor on March 24, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the housing market’s fundamentals as the 2022 spring home-buying season kicks off.

Read More›

Housing Interest Rates Affordability REconomy

What Is Driving Housing Market Potential As The Spring Home-buying Season Begins?

By Mark Fleming on March 18, 2022

Following nearly two years of a soaring housing market, the 2022 spring home-buying season will be watched closely for signs that more balance may be returning to the housing market. Our Potential Home Sales Model estimates the expected level of existi... Read More›

Interest Rates Potential Home Sales tenure