In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss why mortgage rates are notoriously difficult to forecast and how post-pandemic dynamics are influencing the direction of mortgage rates in 2023.
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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss what may have happened to the economy and the housing market if the COVID-19 pandemic had never occurred.
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Affordability has now improved for four straight months, yet remains down 32 percent since February 2022, according to the Real House Price Index (RHPI). Recently falling mortgage rates have overpowered the affordability-dampening effects of higher nominal house prices. Nominal house price appreciation has slowed dramatically in response to ...
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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how underutilized office space may impact the commercial real estate industry with special guest Senior Commercial Real Estate Economist Xander Snyder
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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi break down the housing market implications from an eventful month of March, which included ongoing inflationary pressure, bank failures and a Federal Reserve rate increase.
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Affordability has now improved for three straight months, yet remains down 39 percent since January 2022, according to the Real House Price Index (RHPI). Nominal house price appreciation has slowed dramatically in response to dampened demand. Nationally, annual nominal house price growth peaked in March 2022 at 21 percent, but has since ...
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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss home price trends nationally and at the market level, examining why house prices in some markets are more resilient than others as house prices adjust to higher mortgage rates.
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In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how to define the term ‘housing recession’ and try to determine whether or not the U.S. housing market is currently in a housing recession.
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