Housing Market Trends

From the First American Economic Center

The First American Economic Center has you covered with in-depth analysis and expert insights on the latest data and trends in the industry.

The REconomy Podcast™: Why Labor Market Trends May Keep Mortgage Rates Near Record Lows Longer

By FirstAm Editor on September 23, 2021
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why important labor market trends may influence the Federal Reserve’s decision to reverse its easy-money policies. Read More

Housing Interest Rates Affordability REconomy

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 higher than in August of 2020, when the housing market’s summer rebound was ramping up following the initial pandemic-driven ... 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, which follows the same general pattern of peaks and troughs every year, with one big exception. In 2020, the pandemic was the ... Read More

Housing Housing supply

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, incorporating fluctuations in household income, mortgage rates and nominal house prices. In June, housing affordability declined on a year-over-year basis for the fourth month in a row, following two years of increasing affordability. ... Read More

Interest Rates Real House Price Index Affordability

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 perspective on July housing starts data and the implications for the housing market with Yahoo! Finance. Read More

Housing In The News Affordability

How the ‘Delta Dip’ Boosted Housing Market Potential

By Mark Fleming on August 20, 2021
Housing market potential strengthened in July, according to our Potential Home Sales Model, increasing 1.3 percent compared with June. It is now nearly 16 percent higher than in July of last year, when the housing market’s summer rebound began, following the initial pandemic-driven decline in the spring. Read More

Interest Rates Homeownership Potential Home Sales