In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how long-term shifts in the U.S. labor market have been accelerated by the pandemic, and what that may mean for housing in the months and years ahead.
REconomy Podcast: What A Changing Labor Market Means For Housing
Topics: Housing Affordability REconomy
REconomy Podcast: 2021 Housing Market Outlook
In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain what has fueled the impressive housing market rebound from the pandemic-driven slowdown in the spring and why the housing market remains on solid footing heading into 2021.
Topics: Housing
What A Pandemic-Driven Shift In The Labor Market Could Mean For Housing
The October jobs report exceeded consensus expectations for job growth, yet the labor market’s rebound continues to slow. Higher frequency data from weekly jobless claims confirm the slowdown, as the level of new jobless filings is not falling as quickly in recent months. COVID-19 cases are on the rise and there is increasing likelihood of a...
Topics: Housing Homeownership
Interview With Yahoo! Finance: Explaining The Housing Market’s Resilience In The COVID-19 Era
First American Deputy Chief Economist Odeta Kushi was interviewed on Yahoo! Finance earlier this month, discussing why the housing market is better positioned in this recession than it was heading into the Great Recession, and how low rates and millennials are driving demand.
Homeownership Remains Strongly Linked To Wealth-Building
Economists study homeownership and policymakers often emphasize it because homeownership is an effective way to build wealth, especially for low-income households. In fact, quantifying the wealth-building power of homeownership shows that home is not only where your heart is, but also where your wealth is.
Topics: Housing Homeownership
REconomy Podcast: Housing Affordability In The COVID Era
In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi break down housing affordability trends, discuss the economic forces that influence house-buying power and explain why housing is actually more affordable today, even amid the pandemic, than it was at the peak of the...
Topics: Housing Affordability REconomy