The REconomy Podcast™: Why U.S. Homeowners Have a Big Advantage in a Rising Mortgage Rate Environment
By
FirstAm Editor on August 17, 2023
In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine how mortgage loan products are structured in other countries and compare them to the prevailing mortgage loan product in the U.S. – the 30-year, fixed-rate mortgage.
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CRE X-Factor – Why Operating Costs for Commercial Properties have Soared
By
Xander Snyder on August 10, 2023
As rent growth has softened across all asset classes, property owners and operators have increased their focus on limiting expense growth. However, this has proven difficult for some line items, as both property insurance, and repairs and maintenance (R&M) expenses have increased significantly over the last three years. In this edition of the ...
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What Happens to Cap Rates if…
By
Xander Snyder on August 7, 2023
Multifamily capitalization (cap) rates have now increased for three consecutive quarters, the first time since the Great Financial Crisis. This is a sign that investors are requiring higher yields today in order to purchase a property.
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The REconomy Podcast™: What is a Housing Recession and is the U.S. in One Now? (Part 2)
By
FirstAm Editor on August 3, 2023
In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi share their new housing recession model that provides a data-driven definition of a housing recession, look back at the history of housing recessions, and discuss whether or not we’re in a housing recession today.
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Are we Flirting with a Double-Dip Housing Recession?
By
Odeta Kushi on August 2, 2023
What defines a housing recession? While some rules of thumb exist, there has never been general agreement on a definition. If you look at today’s housing market, existing-home sales have struggled to gain any momentum during what is usually the housing market’s busiest season. New home sales, on the other hand, have exceeded all expectations. So, ...
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Does Resurgent House Price Growth Signal a Bottom in the Housing Market?
By
Mark Fleming on July 31, 2023
In May, housing affordability fell relative to one month ago, as two of the three key drivers of the Real House Price Index (RHPI), nominal house prices and mortgage rates reduced house-buying power by 0.7 percent. Nominal house price growth ticked up 0.6 percent compared with one month ago, while the average 30-year, fixed mortgage rate increased ...
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