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.

Interview on Nightly Business Report: Discussing record-setting economic expansion and the health of the housing market

By FirstAm Editor on July 9, 2019
First American Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week and discussed the record-setting economic expansion and the health of the housing market in 2019. Read More

Housing In The News Interest Rates

How Has the Housing Market Changed Since the End of the Great Recession?

By Odeta Kushi on July 3, 2019
June marked the 10-year anniversary of the end of the Great Recession. Amid Independence Day celebrations, assessing how the American dream of homeownership has fared since the recession can provide helpful context for the health of today’s housing market. We have assembled a set of housing metrics and compared their values today with what those ... Read More

Homeownership Progress Index Real House Price Index Affordability Homeownership

What’s Behind the Two-Month Decline in Fraud Risk?

By Mark Fleming on June 28, 2019
Last month, we predicted that if mortgage rates continued to fall, it may help ease the pressure on fraud risk. Indeed, the 30-year, fixed-rate mortgage fell to its lowest level since January 2018, and fraud risk has fallen alongside it. The Loan Application Defect Index for purchase transactions declined 6.3 percent in May compared with April, ... Read More

Fraud Loan Application Defect Index

Interview on CNBC: Discussing the Outlook for Mortgage Rates and Impact of Rising Tenure Length on Housing Supply

By FirstAm Editor on June 25, 2019
First American Chief Economist Mark Fleming was interviewed on CNBC last week and discussed the outlook for mortgage rates and the impact of rising tenure length on housing supply. Read More

Housing In The News Interest Rates Affordability

The Five Cities Where Affordability Improved the Most and Why

By Mark Fleming on June 24, 2019
Two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of increased affordability in April. The 30-year, fixed-rate mortgage fell by 0.33 percentage points and household income increased 2.7 percent compared to April 2018. When household income rises, consumer house-buying power ... Read More

Interest Rates Real House Price Index Affordability

Why the Housing Market has Entered an Unprecedented Homebody Era

By Mark Fleming on June 20, 2019
The housing market outperformed its potential in May 2019. Actual existing-home sales are 0.2 percent above the market’s current potential, according to our Potential Home Sales model. Even as mortgage rates have decreased, and household income has increased, the market is underperforming compared to it’s potential from a year ago. What are the ... Read More

Interest Rates Federal Reserve Homeownership Potential Home Sales