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.

Interviews On CNBC And Yahoo! Finance: Discussing The 2019 Mortgage Rate Outlook, Millennials and Student Debt, And Baby Boomers And Limited Housing Supply

By FirstAm Editor on January 18, 2019

First American Chief Economist Mark Fleming was interviewed on both CNBC and Yahoo! Finance earlier this week and discussed the outlook for mortgage rates in 2019, the impact of student debt on millennial first-time home buyers and how baby boomers aging in place is limiting housing supply.

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Topics: Housing, Interest Rates, Millennials, Affordability, In The News, Baby Boomers

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...

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Topics: homeownership, Housing, Potential Home Sales, Insider

Interview On CNBC: Discussing The 2019 Housing Market Outlook

By FirstAm Editor on January 4, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and shared his perspective on today’s housing market and the outlook for 2019.

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Topics: Housing, Interest Rates, Millennials, Affordability, In The News

Will Homebuilders Deliver The Gift Of More Housing Supply This Year?

By Mark Fleming on December 19, 2018

Yesterday, the Census Bureau released its Residential Construction report for November. Housing completions decreased 3.9 percent compared with last November and continue to fall short of the number of new housing units necessary to keep pace with household formation. Housing starts also decreased 3.6 percent in November compared with a year...

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Topics: Housing, homeownership, housing starts, Insider

What Does An Inverted Yield Curve Mean For The Housing Market?

By Mark Fleming on December 12, 2018

Last week, the yield curve inverted, meaning the yield on short-run Treasury bonds exceeded the yield on long-run Treasury bonds, which prompted increased speculation that a recession may be on the horizon. The speculation is rooted in the historical correlation between yield curve inversions and recessions, which have occasionally followed one...

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Topics: Housing, Affordability

Will Fintech Adoption Among Real Estate Professionals Accelerate In 2019?

By Mark Fleming on November 27, 2018

Throughout 2018, we’ve seen many trends that set the groundwork for the acceleration of financial technology (fintech) adoption. It has been a strong seller’s market across the top U.S. metropolitan areas. With inventory low and house prices at historic highs, prospective home buyers felt pressured to settle deals quickly before opportunities...

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Topics: fintech, eClosing, Remote online notarization, chat bots, Real Estate Sentiment Index, Housing, Interest Rates

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