What Caused Real House Prices to Decline for the First Time in 8 months?

By FirstAm Editor on June 26, 2017
First American’s proprietary Real House Price Index (RHPI) looks at April 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on real house prices. Read More

Interest Rates Real House Price Index Income

Supply Squeeze Sends Real House Prices Higher

By FirstAm Editor on May 25, 2017
First American’s proprietary Real House Price Index (RHPI) looks at March 2017 data and includes analysis from First American Chief Economist Mark Fleming on the continuing supply squeeze and its effect on real house prices. Read More

Interest Rates Real House Price Index Income

What’s Behind the Surge in Real House Prices?

By FirstAm Editor on April 24, 2017
First American’s proprietary Real House Price Index (RHPI) looks at February 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of under-supplied markets on real house prices. Read More

Interest Rates Real House Price Index Income

Housing Affordability Ticks Up, But What Does That Mean for Spring Home Buying?

By FirstAm Editor on March 27, 2017
First American’s proprietary Real House Price Index (RHPI) looks at January 2017 data and includes analysis from First American Chief Economist Mark Fleming on the decline in affordability as consumer house-buying power dipped due to rising rates. Read More

Interest Rates Real House Price Index Income Affordability

Two Trends Poised to Trigger Potential Surge in Homeownership Demand this Spring

By Mark Fleming on March 2, 2017
The spring home-buying season is right around the corner. As we reflect back on the spring of last year, it becomes clear that we were spoiled in 2016 with mortgage rates well below 4 percent at the beginning spring, and flirting with record lows at 3.4 percent in the summer. This year began with mortgage rates at 4.25 percent, and concern ... Read More

Homeownership Progress Index Income

What’s Behind the December Dip in Housing Affordability?

By FirstAm Editor on February 27, 2017
First American’s proprietary Real House Price Index (RHPI) looks at December 2016 data and includes analysis from First American Chief Economist Mark Fleming on the decline in affordability as consumer house-buying power dipped due to rising rates. Read More

Interest Rates Real House Price Index Income Affordability