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.

Six More Months Of Housing Winter Or Early Spring Home-buying Season?

By Mark Fleming on February 20, 2019

In the first month of the new year, the housing market continued to underperform its potential, but gave us signs of promise for the future. Actual existing-home sales are 5.3 percent below the market’s potential, according to our Potential Home Sales ... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

Can Stock Market Volatility Help Home Buyers?

By Mark Fleming on January 21, 2019

In December, the market potential for existing-home sales in December increased 1.1 percent to a seasonally adjusted annualized rate of 6.15 million compared with a year ago, but the housing market still underperformed its potential by 9.6 percent, acc... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

What Do Previous Rising Mortgage Rate Eras Tell Us About Today's Housing Market?

By Mark Fleming on December 17, 2018

In November, the housing market underperformed its potential by 7.4 percent, marking 40 straight months the market remained below its potential, according to our Potential Homes Sales Model. Month over month, the gap between actual existing-home sales ... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

Do Rising Rates Outweigh The Impact Of The Strong Economy On Housing Market Potential?

By Mark Fleming on November 19, 2018

While the housing market continues to underperform its potential by 6.5 percent, the gap between actual existing home sales and the market potential for home sales narrowed by 1 percent in October compared with September, according to our Potential Hom... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

Why The Housing Market Can Thrive At 5 Percent Mortgage Rates

By Mark Fleming on November 12, 2018

Last week, the 30-year, fixed mortgage rate hit a seven-and-a-half-year high of 4.86 percent. Most experts believe mortgage rates will continue to rise, reaching 5 percent in 2019.

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Interest Rates Federal Reserve Affordability

Why Homeowners Staying In Their Homes Dampens The Housing Market

By Mark Fleming on October 18, 2018

While the housing market continues to underperform its potential by 7.2 percent, the gap between actual existing home sales and the market potential for home sales narrowed by 1 percent in September compared with August, according to our Potential Home... Read More›

Interest Rates Federal Reserve Homeownership