First American Chief Economist Mark Fleming is quoted in an article from TheStreet.com explaining the forces behind low mortgage rates. Read More ›

Earlier this month, I had the opportunity to appear on the Lykken on Lending Blog Talk radio show. On the broadcast, we discussed the National Association of Realtors (NAR) existing-home sales numbers that are released monthly. As you may be aware from my recent comments here and here, I believe that existing home sales have been underperforming ... Read More ›

For the month of April, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 4.1 percent or an estimated 232,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement over the last month’s revised performance gap of -7.6 percent or 418,000 (SAAR) ... Read More ›

Rhonda Schaffler at TheStreet.com interviews First American Chief Economist Mark Fleming regarding the duality dilemma keeping home sales below potential. The interview offers additional insight into the findings in this month’s Potential Home Sales model. You can watch TheStreet.com interview here. Read More ›

For the month of March, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 11.5 percent or an estimated 664,000 seasonally adjusted, annualized rate (SAAR) of sales. The Potential Home Sales model provides a gauge on whether existing-home sales are under or ... Read More ›

For the month of February, First American’s proprietary Potential Home Sales model showed that the market potential for existing-home sales grew by 1.0 percent compared with January and increased by 3.6 percent compared with a year ago. The Potential Home Sales model provides a gauge on whether existing-home sales are under or over their long-run ... Read More ›