How Will Rising Mortgage Rates Impact House-Buying Power?
By
Mark Fleming on October 26, 2021
In August, year-over-year nominal house price appreciation reached 20.7 percent, the third consecutive month it has set a new record. According to our Real House Price Index (RHPI), which measures housing affordability in the context of changes in consumer house-buying power, incorporating changes in household income, mortgage rates and nominal ...
Read More ›
The REconomy Podcast™: What is the Fed Signaling on Interest Rates?
By
FirstAm Editor on October 22, 2021
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how the Federal Reserve signals potential policy changes on interest rates and the tapering of its Treasury and mortgage-backed securities purchases.
Read More ›
The REconomy Podcast™: The 3 Most Important Housing Market Statistics
By
FirstAm Editor on October 7, 2021
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi share their expert perspective on the three most important housing market statistics to follow.
Read More ›
Homes More Affordable Today Than During Previous Housing Peak in Each of the Top 50 Markets
By
Mark Fleming on September 28, 2021
In July, housing affordability continued its decline as year-over-year nominal house price appreciation reached a record 20 percent, vastly outpacing the increase in house-buying power compared with a year ago. The Real House Price Index (RHPI) measures affordability in the context of changes in consumer house-buying power, incorporating changes ...
Read More ›
The REconomy Podcast™: Why Labor Market Trends May Keep Mortgage Rates Near Record Lows Longer
By
FirstAm Editor on September 23, 2021
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why important labor market trends may influence the Federal Reserve’s decision to reverse its easy-money policies.
Read More ›
Today's House Prices Are Over 40 Percent More Affordable Than The Housing Boom Peak
By
Mark Fleming on August 30, 2021
The Real House Price Index (RHPI) measures affordability in the context of changes in consumer house-buying power, incorporating fluctuations in household income, mortgage rates and nominal house prices. In June, housing affordability declined on a year-over-year basis for the fourth month in a row, following two years of increasing affordability. ...
Read More ›