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 Fundamental Underlying Issue in the Housing Market

By FirstAm Editor on August 28, 2017
First American’s proprietary Real House Price Index (RHPI) looks at June 2017 data and includes analysis from First American Chief Economist Mark Fleming on the prevailing issue facing today’s housing market. Read More

Interest Rates Real House Price Index Income Affordability

The Struggle is Real for First-Time Homebuyers

By Mark Fleming on August 23, 2017
First American’s proprietary Potential Home Sales model examines July 2017 data and includes analysis from First American Chief Economist Mark Fleming on how the real estate market is performing versus its potential. Read More

Housing Interest Rates

What Are the Prospects for Future Homeownership Demand?

By Mark Fleming on August 17, 2017
We’ve posted the annual First American Homeownership Progress Index (HPRI), which measures how a variety of lifestyle, societal and economic factors influence homeownership rates over time at national, state and market levels. The HPRI declined 0.4 percent year-over-year, and is down 6 percent from the pre-recession peak. Potential homeownership ... Read More

Millennials Homeownership Progress Index

Streak of Consecutive Months with Rising Loan Application Defect Risk Reaches Seven

By FirstAm Editor on July 31, 2017
We’ve posted the June First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index increased 1.2 percent in June 2017 as compared with the previous month, and increased 16.7 percent as compared to June 2016. The ... Read More

Housing Fraud Mortgages Loan Application Defect Index

What Caused Real House Price Growth to Cool in May?

By FirstAm Editor on July 24, 2017
First American’s proprietary Real House Price Index (RHPI) looks at May 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on consumer house-buying power – a brief reprieve from rising real house prices. Read More

Interest Rates Real House Price Index Income

The Persistent Force Behind Lower Affordability

By Mark Fleming on July 20, 2017
First American’s proprietary Potential Home Sales model examines June 2017 data and includes analysis from First American Chief Economist Mark Fleming on how the real estate market is performing versus its potential. Read More

Housing