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.

Low Rates and Increased Wages Increase Affordability for U.S. Home Buyers in Almost All Major Markets

By FirstAm Editor on October 25, 2016
First American’s proprietary Real House Price Index (RHPI) looks at August 2016 data and includes analysis from First American Chief Economist Mark Fleming that explains that counter to conventional wisdom, affordability for home buyers in many markets is increasing due to low interest rates and increasing wages. Read More

Interest Rates Real House Price Index Income Affordability

Crowd-Sourced Title Agent Projections More Accurate than Many Economic Forecasts

By Mark Fleming on October 21, 2016
It has been a full year since our proprietary Real Estate Sentiment Index (RESI) first shared title agents’ predictions for price growth and other key metrics across property types for the year ahead. So, with a full year of data, the time is right to ask the question: how accurate is the wisdom of the crowd? In a post late last year, we discussed ... Read More

Housing Real Estate Sentiment Index Affordability

Interview on Bloomberg TV: Discussing Housing Starts, Millennial Home Buying and More

By FirstAm Editor on October 19, 2016
First American Chief Economist Mark Fleming was invited to share his perspective on housing starts, Millennial home buying and more on Bloomberg Markets this morning. Mark commented on the tipping point signaled in today’s housing start numbers. Read More

Housing In The News Millennials

Market is Missing Its Potential Due to Tight Supply

By Mark Fleming on October 18, 2016
First American has updated its proprietary Potential Home Sales model for the month of September. Read More

Housing Interest Rates

Automation Angst – The Polarization of the Labor Market in the 21st Century

By Mark Fleming on October 11, 2016
Success achieving the American Dream of homeownership is, in large part, dependent on the ability to earn a good income. For much of the last century, a job in manufacturing provided a stable and solid income. In fact, after World War II, the United States was the manufacturer to the world, as America’s post-war economic boom changed the way we ... Read More

Education Income

Loan Application Defect and Fraud Risk Declines Due to Increased Demand for FHA Purchase Loans

By FirstAm Editor on September 30, 2016
We’ve posted the August 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 remained unchanged in August as compared with July and decreased by 14.6 percent as compared with August 2015. The Defect ... Read More

Loan Application Defect Index Income