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.

Improved Real Estate Outlook Suggests Strong Spring Market

By FirstAm Editor on March 14, 2017
We invite you to browse the first quarter 2017 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts. Read More

Interest Rates Real Estate Sentiment Index

Top 5 Most and Least Affordable Housing Markets Amid Higher Rates

By Mark Fleming on March 13, 2017
Recent economic data and comments by members of the Federal Open Market Committee (FOMC) all suggest that the chance of a rate increase this week after the FOMC meets is substantially higher than it was just a few weeks ago. Now that we are most likely in a rising rate environment, what does it mean for housing affordability? Read More

Real House Price Index Affordability

Two Trends Poised to Trigger Potential Surge in Homeownership Demand this Spring

By Mark Fleming on March 2, 2017
The spring home-buying season is right around the corner. As we reflect back on the spring of last year, it becomes clear that we were spoiled in 2016 with mortgage rates well below 4 percent at the beginning spring, and flirting with record lows at 3.4 percent in the summer. This year began with mortgage rates at 4.25 percent, and concern ... Read More

Homeownership Progress Index Income

What’s Behind the December Dip in Housing Affordability?

By FirstAm Editor on February 27, 2017
First American’s proprietary Real House Price Index (RHPI) looks at December 2016 data and includes analysis from First American Chief Economist Mark Fleming on the decline in affordability as consumer house-buying power dipped due to rising rates. Read More

Interest Rates Real House Price Index Income Affordability

Market Composition Shift Accelerating Loan Application Defect Risk?

By FirstAm Editor on February 24, 2017
We’ve posted the January 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 5.8 percent in January 2017 as compared with the previous month, and decreased 3.9 percent as compared to January ... Read More

Loan Application Defect Index

Market Potential Continues Slide in January as Higher Rates Reduce Supply

By Mark Fleming on February 21, 2017
First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales model with analysis of housing market trends in January 2017. Read More

Housing Interest Rates