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.

Where Can Potential First-Time Home Buyers Find The Largest Supply Of Affordable Homes?

By Odeta Kushi on March 23, 2021

In 2020, a combination of record low mortgage rates and millennials aging into homeownership boosted demand against a very limited supply of homes for sale, resulting in rapid house price appreciation. The nearly two-thirds of American households who already own homes saw their equity increase, while potential first-time home buyers, who are...

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Topics: First-Time Home Buyer Outlook Report Renter Affordability

The Good, The Bad And The Maybe Ahead Of Spring Home Buying

By Mark Fleming on March 19, 2021

In February 2021, housing market potential increased to its highest level since 2007, despite the largest month-over-month jump in mortgage rates since October 2019. Housing market potential rose 1.3 percent in February relative to the previous month, and 12.2 percent year-over-year. While rising average tenure length was the largest drag on...

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Topics: Interest Rates Federal Reserve Homeownership Potential Home Sales

REconomy Podcast: Is The Speed Of Sales Sending Mixed Signals About Housing Inventory?

By FirstAm Editor on March 18, 2021

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 supply shortage ahead of the spring home-buying season and explain how the annual pace of home sales can be rising when there are so few homes for sale.

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Topics: Housing Affordability REconomy

Will The Pandemic “She-cession” Derail Growth In Homeownership Among Single Women?

By Odeta Kushi on March 11, 2021

During Women’s History Month, it’s important to reflect on the progress that single women have made in achieving one of the main tenets of the American Dream - homeownership. According to our analysis of anonymized household-level survey data, following an overall decline in the homeownership rate among single women in the aftermath of the...

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Topics: Housing Homeownership

Interview With Yahoo! Finance: “Single Women Are Clearly Embracing Wealth Creation Through Home Buying”

By FirstAm Editor on March 8, 2021

First American Deputy Chief Economist Odeta Kushi was interviewed on Yahoo! Finance earlier this month, explaining why women homeownership rates are on the rise and the outlook for the housing market in the year ahead.

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Topics: Housing In The News Interest Rates Affordability Homeownership

REconomy Podcast: What Does The GameStop Frenzy And Innovation In Mortgage Finance Have In Common?

By FirstAm Editor on March 4, 2021

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how technology and innovation played a role in the recent GameStop stock market frenzy and what that phenomenon has in common with innovation in mortgage finance and the housing market.

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Topics: Housing Affordability REconomy