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.

What to Expect from the 2023 Housing Market

By Odeta Kushi on January 10, 2023

Since the beginning of the pandemic, the housing market has experienced a series of highs and lows. The housing market was already strong prior to 2020, but the pandemic redefined the role of a home, creating a surge in demand which, coupled with recor... Read More›

Interest Rates Affordability

The REconomy Podcast™: Lemons and the Economic Theory Behind Insurance

By FirstAm Editor on December 29, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain the connection between lemons and the economic theory behind insurance.

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Housing Interest Rates Affordability REconomy

Why Housing Affordability May Rebound in 2023

By Mark Fleming on December 26, 2022

Affordability continued to suffer in October 2022, as the Real House Price Index (RHPI) jumped up by 68 percent on an annual basis. This rapid annual decline in affordability was driven by a 12 percent annual increase in nomina... Read More›

Interest Rates Real House Price Index Affordability

The Case for Optimism for Housing Market Potential in 2023

By Mark Fleming on December 20, 2022

Housing market potential in 2023 will remain largely dependent on the path of mortgage rates, which will be heavily influenced by inflation. In November 2022, housing market potential increased by 2.5 percent relative to October, boosted by a slight mo... Read More›

Interest Rates Potential Home Sales tenure

CRE X-Factor: Where is Commercial Real Estate Deal Activity Heading in 2023?

By Xander Snyder on December 16, 2022

Several commercial real estate (CRE) fundamentals continued to soften in October. It ... Read More›

Commercial Real Estate Interest Rates CRE X-Factor

The REconomy Podcast™: Three Scenarios for the 2023 Housing Market

By FirstAm Editor on December 15, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi share their outlook for 2023, outlining three potential scenarios for the housing market in the year ahead.

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Housing Interest Rates Affordability REconomy