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.

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

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