Rising Mortgage Rates Expected to Cool Market Potential In 2017
By
FirstAm Editor on December 19, 2016
First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales model for November, with analysis of the housing market's overall health.
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What a Difference an Election Makes
By
Mark Fleming on December 13, 2016
What a difference an election makes. Since the election, we have seen a pronounced increase in the popular 30 year-fixed mortgage rate. In the words of Federal Reserve Chairman Janet Yellen, financial markets expect that expansionary fiscal policy will accelerate U.S. economic growth and increase inflation. As a result, the 30-year fixed mortgage ...
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Housing Interest Rates Real House Price Index Federal Reserve
A North-South Divide Emerges in Defect, Fraud and Misrepresentation Risk
By
FirstAm Editor on November 30, 2016
We’ve posted the October 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 decreased 1.4 percent in October as compared with September and decreased by 13.9 percent as compared to October 2015. The ...
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Wage Growth Contributes to Increased Affordability in Most Major Markets
By
FirstAm Editor on November 28, 2016
First American’s proprietary Real House Price Index (RHPI) looks at September 2016 data and includes analysis from First American Chief Economist Mark Fleming that includes comments on last week’s conforming loan limit increase.
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CNBC Interview: Discussing the impact of the election on interest rates, future of technology in real estate finance
By
FirstAm Editor on November 22, 2016
First American Chief Economist Mark Fleming was interviewed yesterday on CNBC regarding the surge in interest rates following the U.S. presidential election and what it means for the housing market in the year ahead.
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Lack of Affordable Inventory Keeps Market Below Potential
By
Mark Fleming on November 21, 2016
October 2016 Potential Home Sales
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