Housing Market Trends

From the First American Economic Center

The First American Economic Center has you covered with in-depth analysis and expert insights on the latest data and trends in the industry.

Interview on CNBC: Discussing the housing market’s potential shift toward a buyer’s market

By FirstAm Editor on September 21, 2018
First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and discussed the housing market’s potential shift toward a buyer’s market and the challenges facing the market: affordability and interest rates. Read More

Housing In The News Interest Rates Millennials Affordability

How Hurricane Florence May Impact the Housing Market

By Mark Fleming on September 20, 2018
Yesterday’s Census Bureau report for August is an indication of strength for the housing market. While the number of permits issued, which can signal how much construction is in the pipeline, decreased by 5.5 percent, home building rose in August as housing starts increased 9.4 percent compared with a year ago. The growth in housing starts is ... Read More

Housing Housing Starts Homeownership

Why Education is the Best Investment for Homeownership

By Mark Fleming on September 7, 2018
Whether students are beginning middle school or their last year of college, back-to-school season is here. Although many students may grimace when they hear “back to school,” they won’t regret pursuing a higher education as adults as they compete for well-paying jobs and one day, hopefully, buy a home. Read More

Housing Income Homeownership

Why Hasn’t Economic Momentum Lifted Home Sales?

By Mark Fleming on August 21, 2018
The U.S. economy remains on an impressive growth streak. Last month, the Commerce Department reported that the gross domestic product, the broadest measure of goods and services produced in the economy, grew at a 4.1 percent annualized rate in the second quarter, the strongest pace of growth since 2014. The economy has added jobs every month for ... Read More

Housing Interest Rates Homeownership

Where Can Renters Find Affordable Homes to Buy?

By Odeta Kushi on August 20, 2018
Limited housing supply and growing millennial demand continue to drive home prices higher across the country. Even when adjusted for income growth and mortgage rates, prices are 11.4 percent higher than a year ago, according to our Real House Price Index. Unless income growth accelerates and begins to outpace house price appreciation, or housing ... Read More

Housing Affordability Homeownership

Did July Housing Starts Signal More Housing Supply for Home Buyers?

By Mark Fleming on August 17, 2018
The short answer is yes. Home buyers looking for more housing supply to choose from can take heart, as Thursday’s Census Bureau report on housing construction showed builders are starting work on additional housing, inching closer to balancing inventory with demand. Read More

Housing Housing Starts Homeownership