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.

Rising Mortgage Rates Dampen Market Potential in December

By Mark Fleming on January 23, 2017
First American's proprietary Potential Home Sales model examines December 2016 data and includes analysis from Chief Economist Mark Fleming on the impact of rising rates amid growing demand and limited inventory. Read More

Housing

Rising Mortgage Rates Expected to Cool Market Potential In 2017

By FirstAm Editor on December 19, 2016
First American Chief Economist Mark Fleming shares his proprietary Potential Home Sales model for November, with analysis of the housing market's overall health. Read More

Housing

What a Difference an Election Makes

By Mark Fleming on December 13, 2016
What a difference an election makes. Since the election, we have seen a pronounced increase in the popular 30 year-fixed mortgage rate. In the words of Federal Reserve Chairman Janet Yellen, financial markets expect that expansionary fiscal policy will accelerate U.S. economic growth and increase inflation. As a result, the 30-year fixed mortgage ... Read More

Housing Interest Rates Real House Price Index Federal Reserve

Lack of Affordable Inventory Keeps Market Below Potential

By Mark Fleming on November 21, 2016
October 2016 Potential Home Sales Read More

Housing

Buy, Buy Millennials!

By Mark Fleming on November 7, 2016
A common narrative over the last several years is that Millennials are breaking with the habits of their parents when it comes to home buying. Millennials rent longer, live with their parents, and are burdened with student loan debt. In short, it would seem that for a variety of reasons they aren’t as interested in homeownership as their ... Read More

Housing Millennials Real House Price Index

Crowd-Sourced Title Agent Projections More Accurate than Many Economic Forecasts

By Mark Fleming on October 21, 2016
It has been a full year since our proprietary Real Estate Sentiment Index (RESI) first shared title agents’ predictions for price growth and other key metrics across property types for the year ahead. So, with a full year of data, the time is right to ask the question: how accurate is the wisdom of the crowd? In a post late last year, we discussed ... Read More

Housing Real Estate Sentiment Index Affordability