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.

The Reconomy Podcast™: Understanding The Neutral Rate Of Interest, Inflation And The Housing Market

By FirstAm Editor on May 19, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why the neutral rate of interest is an important metric in Federal Reserve’s fight against inflation and what it m... Read More›

Housing Interest Rates Affordability REconomy

The Reconomy Podcast™: Breaking Down The Recency Bias In Housing Market Data

By FirstAm Editor on May 5, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how recency bias is fueling some angst over trends in housing market data and explain why today’s housing market l... Read More›

Housing Interest Rates Affordability REconomy

How Do Rapidly Rising Mortgage Rates Impact Affordability?

By Mark Fleming on April 22, 2022

In February 2022, the Real House Price Index (RHPI) jumped up by nearly 31 percent. That’s the fastest growth in the more than 30-year history of the series. This rapid annual decline in affordability was driven by two fa... Read More›

Interest Rates Real House Price Index Affordability

The Reconomy Podcast™: Housing Bubble Or No Housing Bubble?

By FirstAm Editor on April 21, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the health of the housing market and address the question, ‘housing bubble or no housing bubble?'

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Housing Interest Rates Affordability REconomy

The Reconomy Podcast™: What Does It Mean When Mortgage Rates Are Less Than The Rate Of Inflation?

By FirstAm Editor on April 7, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the extremely rare phenomenon of real, negative mortgage rates – when the average 30-year, fixed mortgage rate is ... Read More›

Housing Interest Rates Affordability REconomy

Is Affordability Worse Than The 2006 Housing Boom Peak?

By Mark Fleming on March 29, 2022

In the first report with 2022 data, the Real House Price Index (RHPI) jumped up by nearly 27 percent, the fastest growth in the RHPI since 2004. This rapid... Read More›

Interest Rates Real House Price Index Affordability