Economic Center Blog
Welcome to the First American Economic Center Blog, a top source for the latest housing market research and analysis driven by Chief Economist Mark Fleming.

Interviews On FOXBusiness And CNBC: Discussing The Outlook For The Housing Market And Economy And The Impact Of Tax Law Changes

By FirstAm Editor on May 22, 2019

First American Chief Economist Mark Fleming was interviewed on FOXBusiness and CNBC on Tuesday and discussed the outlook for the housing market and broader economy as well as the impact of tax law changes on housing.

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Topics: Housing, In The News, Interest Rates, Affordability

How Have The 2017 Tax Law Changes Impacted Real Estate Prices?

By Odeta Kushi on May 13, 2019

Enacted in 2017, the Tax Cuts and Jobs Act reduced tax breaks for homeowners. At the time, many in the real estate industry expected the changes to negatively impact the housing market, particularly in high-priced neighborhoods. The industry concern primarily focused on two specific changes included in the bill: the mortgage interest deduction...

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Topics: Affordability, Taxes, homeownership

Why Everything You Know About First-Time Home Buyer Affordability Is Wrong

By FirstAm Editor on May 8, 2019

We’ve published the findings from a new study that provides an in-depth look at the trends shaping affordability, specifically for first-time home buyers, titled “Why Everything You Know About First-Time Home Buyer Affordability is Wrong.” The study, developed by First American Chief Economist Mark Fleming and Deputy Chief Economist Odeta...

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Topics: Affordability, First-Time Home Buyer Outlook Report

Six Cities Leading Shift Toward A Buyers' Market

By Mark Fleming on April 29, 2019

Throughout 2018, consistent growth among three driving forces – mortgage rates, household income and unadjusted house prices – defined the housing market. These three factors are also the core elements of the Real House Price Index (RHPI). While household income rose steadily in 2018, rising mortgage rates offset any affordability benefit for...

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Topics: Interest Rates, Real House Price Index, Affordability, Insider

Interview On CNBC: Discussing The Impact Of Declining Mortgage Rates And Limited Supply On The Housing Market

By FirstAm Editor on March 27, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC on Tuesday and discussed how the decline in mortgage rates over the last few months and continued tight housing supply are likely to impact the housing market.

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Topics: Housing, New Home Buying, In The News, Interest Rates, Affordability

Three Reasons Home Buyers Have More Power This Spring

By Mark Fleming on March 25, 2019

While 2018 was largely characterized by declining affordability, ending the year with a five percent yearly decline in house-buying power, this trend reversed sharply in early 2019. Moderating home prices, in conjunction with gains in household income and declining mortgage rates, boosted affordability for potential home buyers.

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Topics: Interest Rates, Real House Price Index, Affordability, Insider

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