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.

Why Did Housing Market Potential Improve In April?

By Mark Fleming on May 20, 2019

The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with March. Actual existing-home sales remain 1.3 percent below the market’s potential, but the performance gap narrowed from 2.0 percent ... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

Two Trends Boost Home-buyer Demand As Spring Home-buying Season Begins

By Mark Fleming on April 18, 2019

While the housing market continued to underperform its potential in March 2019, the green shoots of spring home buying have emerged. Actual existing-home sales are 2.3 percent below the market’s potential, narrowing the gap from last month, according t... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

How Will Low Mortgage Rates Impact Housing Affordability This Spring?

By Odeta Kushi on April 17, 2019

Last year, the over-arching trend in the housing market was the impact of rising rates on affordability. Mortgage rates had been increa... Read More›

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Interview On Bloomberg: Discussing The Macro-economic Trends Influencing The Housing Market

By FirstAm Editor on April 11, 2019

First American Deputy Chief Economist Odeta Kushi was interviewed on Bloomberg earlier this month, providing her thoughts on macro-economic trends influencing home buyers and the housing market, including the job market and wage growth.

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Why The Yield Curve May Have Fooled Some Experts

By Mark Fleming on April 5, 2019

April Fools’ may be over, but that hasn’t dampened recession fears from generating headlines. Broadly speaking, the U.S. economy is performing well. Wages are increasing and we’re near full employment. So, why are some experts raising recession concern... Read More›

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Why The Stage Is Set For A Stronger Spring Home-buying Season

By Mark Fleming on March 21, 2019

In February 2019, the housing market continued to underperform its potential, but showed signs of promise leading into the spring home-buying season. Actual existing-home sales are 2.5 percent below the market’s potential, according to our Potential Ho... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales