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 Homebodies Hold Down Home Sales

By Odeta Kushi on March 19, 2019

First American’s most recent Potential Home Sales model for January 2019 found a 5.7 percent decline in the market potential for existing home sales, compared to the previous year. Increasing tenure length (the length of time a homeowner stays in their home before moving) was the most prominent factor leading to this decline.

Read More ›

Topics: homeownership, Potential Home Sales, tenure

What Will It Take To Reduce The Housing Supply Deficit?

By Mark Fleming on March 6, 2019

Last week, the Census Bureau released its Residential Construction report for December. Housing completions decreased 8.4 percent compared with last December and continued to fall short of the number of new housing units necessary to keep pace with household formation. Housing starts also decreased 10.9 percent in December compared with a year...

Read More ›

Topics: Housing, Insider, housing starts, homeownership

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 model. That means the market has the potential to support 293,000 more home sales than the...

Read More ›

Topics: Interest Rates, Federal Reserve, Insider, homeownership, Potential Home Sales

What Is The Impact Of Student Loan Debt On House-Buying Power?

By Odeta Kushi on February 15, 2019

Contrary to many reports, student loan debt is not an insurmountable barrier to homeownership for millennials. Student loan debt is more likely to delay the timing of homeownership, but it does not necessarily prevent homeownership. But, this begs the questions, how does student loan debt impact house-buying power? And, is higher education a...

Read More ›

Topics: Millennials, Education, Homeownership Progress Index, Insider, homeownership

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, according to our Potential Homes Sales Model. Month over month, the gap between actual...

Read More ›

Topics: Interest Rates, Federal Reserve, Insider, homeownership, Potential Home Sales

Blame The Homebodies: Why Are Homeowners Staying In Their Homes So Long?

By Mark Fleming on January 11, 2019

It’s been over six years since house prices hit their trough and the housing market bottomed out. Since then, house prices have recovered nationally and reached historic highs. The price recovery has most recently been driven by a supply shortage. The availability of homes for sale is running near historic lows because single-family housing...

Read More ›

Topics: Housing, Insider, homeownership, Potential Home Sales

Get the latest news

{{ module.title }}