The REconomy Podcast™: The Dynamics Re-Shaping Commercial Real Estate - The Business of Space
By
FirstAm Editor on July 13, 2023
In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Senior Commercial Real Estate Economist Xander Snyder discuss the commercial real estate market, explaining the dynamics that are fundamentally re-shaping the ‘business of space.’
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The REconomy Podcast™: Why it Matters That Millennials Have Closed the Homeownership Gap
By
FirstAm Editor on June 29, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the history of homeownership in the U.S., the impact of homeownership on wealth creation, and current demographic-driven trends influencing homeownership and the housing market.
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Why Higher Mortgage Rates Don't Always Lead to Declining House Prices
By
Mark Fleming on June 26, 2023
In April, housing affordability improved relative to one month ago, as two of the three key drivers of the Real House Price Index (RHPI), income and mortgage rates boosted house-buying power by 2.3 percent. Median household incomes increased by 0.1 percent compared with March, while mortgage rates dipped by 0.2 percentage points. Nominal house ...
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The REconomy Podcast™: Why Homebuilders Have an Advantage in Today’s Housing Market
By
FirstAm Editor on June 15, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the differences between the existing-home market and the new-home market, explaining why homebuilders have an advantage as they sell their homes in today’s environment.
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The REconomy Podcast™: Where is Housing Affordability for First-Time Home Buyers Headed?
By
FirstAm Editor on June 1, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the economic forces influencing housing affordability trends and what that means for first-time home buyers with Economist Ksenia Potapov.
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Seasonal Demand Drives Resurgent House Price Growth and Decline in Affordability
By
Mark Fleming on May 31, 2023
In March, housing affordability declined, snapping a four-month streak of increasing affordability. The decline in March occurred as two of the three key drivers of the Real House Price Index (RHPI), nominal house prices and mortgage rates, moved higher, decreasing house-buying power by 2.7 percent and dragging affordability down relative to one ...
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