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.

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 comp... Read More›

Interest Rates Real House Price Index Affordability

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 ... Read More›

Housing Interest Rates Affordability REconomy

The Reconomy Podcast™: Are House Prices More Affordable Than The Housing Boom Peak?

By FirstAm Editor on September 9, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why falling mortgage rates and rising income levels mean today’s soaring house pri... Read More›

Housing Interest Rates Affordability REconomy

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, in... Read More›

Interest Rates Real House Price Index Affordability

Reconomy Podcast: What’s Driving Mortgage Rates And Where Are Rates Headed?

By FirstAm Editor on August 26, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain what causes mortgage rates to move up or down, and offers a mortgage rate forecast... Read More›

Housing Interest Rates Affordability REconomy

Interviews With Cnbc And Yahoo! Finance: Is The Housing Market Cooling?

By FirstAm Editor on August 24, 2021

First American Deputy Chief Economist Odeta Kushi was interviewed on CNBC and Yahoo! Finance last week, discussing potential moderation of the housing market and affordability challenges with CNBC and providing perspecti... Read More›

Housing In The News Affordability