Did the Housing Market Rebound Red or Blue?
By
Mark Fleming on July 22, 2016
With the national conventions for the major political parties upon us and the presidential election just a few months away, talk of red versus blue states frequently bubbles up in the media and at the water cooler. Cutting-edge statistical analysis is regularly updated to keep up with the fast changing dynamics of the country’s political leanings.
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“Brexit” Decision Uncertainty Contributed to Consumer House-Buying Power
By
FirstAm Editor on June 23, 2016
The second edition of First American’s proprietary Real House Price Index (RHPI) looks at April 2016 data and includes analysis from First American Chief Economist Mark Fleming explaining the connection between “Brexit” and recent trends in rates for fixed-rate mortgages.
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Really, How Important is That Rate Hike?
By
Mark Fleming on June 13, 2016
With the upcoming Federal Open Market Committee (FOMC) meeting this week, many are wondering if an interest rate hike is in the works. According to the CME FedWatch Tool, the current market expectation of a 0.50 percent rate increase in June is extremely low – 4 percent. However, the likelihood jumps to 27 percent in July. But, whether the Fed ...
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Let’s Get Real - Introducing the Real House Price Index (RHPI)
By
FirstAm Editor on May 24, 2016
Nominal house prices have been increasing nationally in the US for several years, and some markets have seen significant appreciation in nominal house prices. But, nominal house prices are not adjusted for any inflation. The price of a house today is not directly comparable to the price of that same house 30 years ago because of the long-run ...
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A Lackluster Housing Wealth-Creation Engine in South Carolina?
By
Mark Fleming on February 17, 2016
When is the best time to sell my house? It is one of the most common questions I am asked as an "expert" in housing. Assuming that one has the choice of timing the decision to sell one’s home, much of the decision has to do with the amount of equity that has built up since purchasing the house, the return on the investment. Traditional measures of ...
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A Tale of Two Incomes - Income Inequality and Homeownership
By
Mark Fleming on February 9, 2016
Aristotle said, “The worst form of inequality is to try to make unequal things equal.” While people are naturally drawn to the idea of an equal society, the truth of the matter is that it is quite rare, sometimes seemingly impossible. The question is determining when inequality has gone too far, and by what standards of measurement.
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