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.

Are Negative Mortgage Rates On The Horizon?

By Odeta Kushi on March 18, 2020

Given both emergency rate cuts of the Federal Reserve and the recent economic uncertainty due to the spread of the Coronavirus, the 10-year Treasury yield dropped to its lowest level in 150 years, according to  Nobel Laureate Robert Shiller. For added perspective, that takes us back to the time of Ulysses S. Grant’s presidency. The 10-year...

Read More

Topics: Interest Rates Federal Reserve economic outlook

Why Today’s Housing Market May Be A Recession Buster

By Odeta Kushi on February 4, 2020

In the third quarter of 2019, the United States reached its longest economic expansion in history, which caused some people to wonder whether we were overdue for a correction. Additionally, global uncertainty resulted in a flight to safety of U.S. Treasury bonds, prompting the dreaded inversion of the yield curve. When that happened, we...

Read More

Topics: Housing Interest Rates Wage Growth economic outlook