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.

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

Where Lower-income Renters Can Pursue The Dream Of Homeownership

By Odeta Kushi on December 12, 2019

In 2019, the growth in consumer house-buying power outpaced house price appreciation for the median renter trying to buy the median ... Read More›

Housing Affordability Homeownership First-Time Home Buyer Outlook Report

What Cities Are The Most Affordability Friendly For First-time Home Buyers?

By Odeta Kushi on December 10, 2019

Housing affordability, or the lack thereof, continued to generate discussion and headlines in 2019. That’s unlikely to change in 2020, as strong demand, driven by low mortgage rates and wage growth, collides with limited housing supply. However, it’s e... Read More›

Housing Affordability Homeownership First-Time Home Buyer Outlook Report