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 Do Renters Have An Edge In The Pursuit Of Homeownership?

By Odeta Kushi on September 5, 2019

Traditional measures of affordability can be misleading to potential first-time home buyers because they compare overall median household income with the income required to purchase a median-priced home. However, median household income includes existing homeowner households, which have significantly higher median income than renter households,...

Read More

Topics: Housing Affordability Homeownership First-Time Home Buyer Outlook Report

Interviews On CNBC And Nightly Business Report: Discussing The Refinance Boom And Tailwinds Boosting The Housing Market

By FirstAm Editor on September 3, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC and Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week, where they discussed the refinance boom driven by low mortgage rates and the tailwinds boosting the housing market.

Read More

Topics: Housing In The News Interest Rates Federal Reserve Affordability

Interviews On CNBC And Bloomberg TV: Discussing The Impact Of Historically Low Rates And The Outlook For The Housing Market And The Economy

By FirstAm Editor on August 23, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC and Deputy Chief Economist Odeta Kushi on Bloomberg TV earlier this week and discussed the impact of historically low rates on the housing market, and what the Fed minutes indicate about the direction of rate policy and the economy.

Read More

Topics: Housing In The News Interest Rates Federal Reserve Affordability

Interview On Nightly Business Report: Discussing Record-setting Economic Expansion And The Health Of The Housing Market

By FirstAm Editor on July 9, 2019

First American Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week and discussed the record-setting economic expansion and the health of the housing market in 2019.

Read More

Topics: Housing In The News Interest Rates

Interview On CNBC: Discussing The Outlook For Mortgage Rates And Impact Of Rising Tenure Length On Housing Supply

By FirstAm Editor on June 25, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC last week and discussed the outlook for mortgage rates and the impact of rising tenure length on housing supply.

Read More

Topics: Housing In The News Interest Rates Affordability

The Unexpected Surprise Boosting Demand And Supply In 2019

By Mark Fleming on June 18, 2019

In late 2018, many experts believed the housing market in 2019 would behave very similar to the 2018 housing market, characterized by rising demand for homes and limited supply driving house price appreciation, while mortgage rates continued their steady ascent. Then, December 2018 brought a sudden drop in mortgage rates, a decline which has...

Read More

Topics: Housing Interest Rates Millennials Real Estate Sentiment Index