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.

Fewer Affordable Options for Potential First-Time Home Buyers as Mortgage Rates Rise

By Ksenia Potapov on October 5, 2022

As mortgage rates have steadily risen, affordability has decreased significantly for home buyers across income levels. However, affordability for the potential first-time home buyer – those currently renting – has faced the most pressure. Nationally, a... Read More›

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Where Potential First-Time Home Buyers Can Find Relief from the Affordability Shock

By Ksenia Potapov on August 10, 2022

Following two years of red-hot activity accelerated by pandemic-era dynamics, the housing market is cooling as demand falls in response to a significant decline in affordability. Double-digit house-price appreciation chipped away at affordability as th... Read More›

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

How the Ability to Work Remotely is Changing Housing Affordability for First-Time Home Buyers

By Ksenia Potapov on March 2, 2022

Affordability in the U.S. fell in 2021 on a year-over-year basis, as house-buying power was unable to keep up with red-hot ... Read More›

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Where Do First-Time Home Buyers Have the Best Opportunity to Buy a Home in 2022?

By Ksenia Potapov on January 12, 2022

Unlike the two-thirds of Americans who already own a home, potential first-time home buyers did not benefit from the surging levels of home equity driven ... Read More›

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Top Five Cities for Lower-Income Renters to Pursue the Dream of Homeownership

By Odeta Kushi on April 14, 2021

In the fourth quarter of 2020, the median renter experienced a 10 percent boost to their house-buying power relative to one year ago, but the share of homes they could afford to buy declined by 4 percentage points due to rising house prices, according ... Read More›

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Where Can Potential First-Time Home Buyers Find the Largest Supply of Affordable Homes?

By Odeta Kushi on March 23, 2021

In 2020, a combination of record low mortgage rates and millennials aging into homeownership boosted demand against a very limited supply of homes for sale, resulting in rapid house price appreciation. The nearly two-thirds of American households who a... Read More›

First-Time Home Buyer Outlook Report Renter Affordability