Economic Center Blog
Welcome to the First American Economic Center Blog, a top source for the latest housing market research and analysis driven by Chief Economist Mark Fleming.

What Is The Impact Of Student Loan Debt On House-Buying Power?

By Odeta Kushi on February 15, 2019

Contrary to many reports, student loan debt is not an insurmountable barrier to homeownership for millennials. Student loan debt is more likely to delay the timing of homeownership, but it does not necessarily prevent homeownership. But, this begs the questions, how does student loan debt impact house-buying power? And, is higher education a...

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Topics: Millennials Education Homeownership Progress Index Insider Homeownership

Where Is The Housing Market Cooling The Most?

By Mark Fleming on January 28, 2019

Throughout 2018, consistent growth among three driving forces – mortgage rates, household income, and unadjusted house prices – defined the housing market. These three factors are also the core metrics that comprise the Real House Price Index (RHPI). November 2018 was no exception, as household income, mortgage rates, and the unadjusted house...

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Topics: Interest Rates Real House Price Index Affordability Insider

Can Stock Market Volatility Help Home Buyers?

By Mark Fleming on January 21, 2019

In December, the market potential for existing-home sales in December increased 1.1 percent to a seasonally adjusted annualized rate of 6.15 million compared with a year ago, but the housing market still underperformed its potential by 9.6 percent, according to our Potential Homes Sales Model. Month over month, the gap between actual...

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Topics: Interest Rates Federal Reserve Insider Homeownership Potential Home Sales

Blame The Homebodies: Why Are Homeowners Staying In Their Homes So Long?

By Mark Fleming on January 11, 2019

It’s been over six years since house prices hit their trough and the housing market bottomed out. Since then, house prices have recovered nationally and reached historic highs. The price recovery has most recently been driven by a supply shortage. The availability of homes for sale is running near historic lows because single-family housing...

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Topics: Housing Insider Homeownership Potential Home Sales

Will Millennials Migrate Away From Coastal Markets For Homeownership In 2019?

By Odeta Kushi on January 7, 2019

As we enter 2019 and the bulk of the millennial generation ages into their prime home-buying years, is homeownership an attainable New Year’s resolution for millennials?

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Topics: Millennials Education Homeownership Progress Index Insider Homeownership

How Does A Strong Economy Slow The Housing Market?

By Mark Fleming on December 21, 2018

For the second consecutive month, all three key drivers of the Real House Price Index (RHPI), household income, mortgage rates, and the unadjusted house price index, increased compared with a year ago. The 30-year, fixed-rate mortgage and the unadjusted house price index increased by 0.9 percentage points and 7.3 percent respectively. Even...

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Topics: Interest Rates Real House Price Index Affordability Insider