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.

REconomy Podcast: What Drives The Decision To Become A Homeowner?

By FirstAm Editor on April 15, 2021

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain how the vast majority of potential home buyers reach the decision to buy a home and what that means for the housing market and homeownership rate moving forward.

Read More

Topics: Housing Affordability REconomy

Interview With CNBC: How Rising Rates May Impact Housing Affordability As Spring Home-Buying Season Ramps Up

By FirstAm Editor on April 8, 2021

First American Deputy Chief Economist Odeta Kushi was interviewed on CNBC yesterday, discussing the outlook for housing affordability amid rising mortgage rates and expectations for the spring home-buying season.

Read More

Topics: Housing In The News Interest Rates Affordability

REconomy Podcast: Why Housing Affordability Should Be Viewed Through The Lens Of Renters And Supply

By FirstAm Editor on April 1, 2021

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why the key to measuring housing affordability is to determine whether a renter can afford to purchase a home, or more precisely how many homes they can afford to buy, if any.

Read More

Topics: Housing Affordability REconomy

Why Affordability Improved Amid Soaring House Prices

By Mark Fleming on March 31, 2021

Soaring nominal house prices dominate recent headlines and for good reason. It is true that nominal house prices are the highest they have ever been, over 22 percent higher than the housing boom peak in 2006, according to the First American Data & Analytics House Price Index. The acceleration in the pace of annual house price growth began in...

Read More

Topics: Interest Rates Real House Price Index Affordability

REconomy Podcast: Is The Speed Of Sales Sending Mixed Signals About Housing Inventory?

By FirstAm Editor on March 18, 2021

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the housing market’s supply shortage ahead of the spring home-buying season and explain how the annual pace of home sales can be rising when there are so few homes for sale.

Read More

Topics: Housing Affordability REconomy

Interview With Yahoo! Finance: “Single Women Are Clearly Embracing Wealth Creation Through Home Buying”

By FirstAm Editor on March 8, 2021

First American Deputy Chief Economist Odeta Kushi was interviewed on Yahoo! Finance earlier this month, explaining why women homeownership rates are on the rise and the outlook for the housing market in the year ahead.

Read More

Topics: Housing In The News Interest Rates Affordability Homeownership