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.

What Is Preventing The Homeownership Rate From Reaching Its Potential?

By Mark Fleming on July 18, 2019

Ten years after the Great Recession, homeownership remains one of the main tenets of the American Dream. Amid the recovery from the housing crisis, the homeownership rate hit a generational low of 63 percent in 2016, but it has been steadily rising since. What’s behind the steady rise since the 2016 low point? The explanation lies in the shifts...

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Topics: Homeownership Progress Index

How Has The Housing Market Changed Since The End Of The Great Recession?

By Odeta Kushi on July 3, 2019

June marked the 10-year anniversary of the end of the Great Recession. Amid Independence Day celebrations, assessing how the American dream of homeownership has fared since the recession can provide helpful context for the health of today’s housing market. We have assembled a set of housing metrics and compared their values today with what...

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Topics: Homeownership Progress Index Real House Price Index Affordability Homeownership

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...

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Topics: Millennials Education Homeownership Progress Index Insider Homeownership

Will Millennials Migrate Away From Coastal Markets For Homeownership In 2019?

By Odeta Kushi on January 7, 2019

As we enter 2019 and the bulk of the millennial generation ages into their prime home-buying years, is homeownership an attainable New Year’s resolution for millennials?

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Topics: Millennials Education Homeownership Progress Index Insider Homeownership

How "Renter" Millennials Will Transform The Housing Market

By Odeta Kushi on December 10, 2018

Millennial demand for homeownership was one of the biggest trends influencing the housing market in 2018. Households under 35 years old contributed the most to overall homeownership growth in the third quarter of 2018, with millennial homeownership rising 1.2 percentage points from last year. This trend shows no indication of reversing in 2019....

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Topics: Millennials Homeownership Progress Index Insider Homeownership

Are Home Builders Closing The Gap Between Housing Supply And Demand?

By Mark Fleming on July 19, 2018

Yesterday’s Census Bureau report on housing construction bodes well for home buyers, as the pace of housing completions increased 2.2 percent over last year. The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.

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Topics: Housing Homeownership Progress Index Insider housing starts