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.

Will Housing Market Seasonality Return To Normal?

By Odeta Kushi on September 17, 2021

September is commonly associated with the beginning of the school year, but it also signals the end of the peak home buying season. The tapering of the housing market in September is part of its normal annual cycle, whic... Read More›

Housing Housing supply

Has The Great Housing Supply Crash Bottomed Out?

By Mark Fleming on May 19, 2021

More than a year into the pandemic, the housing market continues to run hot. The supply and demand imbalance brewing before the pandemic boiled over in the past year, resulting in record low levels of housing inventory a... Read More›

Housing Housing supply

Why The Big Short In Housing Supply Will Remain In 2021

By Mark Fleming on December 3, 2020

As the housing market has recovered from the initial impacts of the pandemic, nominal house price appreciation has soared, but affordability actually improved until recently due to the house-buying power benefit from his... Read More›

Interest Rates Real House Price Index Affordability Housing supply

House Price Appreciation Poised To Accelerate As Pandemic Intensifies Housing Supply Shortage

By Odeta Kushi on June 2, 2020

In April, pandemic-related pressure drove the supply of homes for sale to its lowest April supply level ever. Even in the years prior to the pandemic, the lack of housing supply for sale was a significant headwind to the... Read More›

Housing tenure Housing supply

Why The Time May Be Right For New Home Construction To Accelerate

By Odeta Kushi on November 8, 2019

Thus far in 2019, the story of the housing market has been a tale of strong housing demand and limited supply. On the demand side, steadily rising house-buying power has fueled greater demand. Falling mortgage rates and ... Read More›

Housing New Home Buying housing starts Housing supply

Does Rising Housing Inventory Signal The Beginning Of A Buyer’s Market?

By Mark Fleming on September 17, 2018

Last month, we noted in our latest Real House Price Index (RHPI) report that house price appreciation may... Read More›

Interest Rates Mortgages Real House Price Index Affordability Housing supply