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.

Do Rising House Prices Help Or Hurt The Housing Market?

By Mark Fleming on October 15, 2021

Housing market potential strengthened modestly in September, increasing a 0.4 percent compared with August, according to our Potential Home Sales Model. The slight increase means that on a year-over-year basis, housing m... Read More›

Interest Rates Homeownership Potential Home Sales

The Reconomy Podcast™: The 3 Most Important Housing Market Statistics

By FirstAm Editor on October 7, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi share their expert perspective on the three most important housing market statistics to fo... Read More›

Housing Interest Rates Affordability REconomy

Homes More Affordable Today Than During Previous Housing Peak In Each Of The Top 50 Markets

By Mark Fleming on September 28, 2021

In July, housing affordability continued its decline as year-over-year nominal house price appreciation reached a record 20 percent, vastly outpacing the increase in house-buying power comp... Read More›

Interest Rates Real House Price Index Affordability

The Reconomy Podcast™: why Labor Market Trends May Keep Mortgage Rates Near Record Lows Longer

By FirstAm Editor on September 23, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why important labor market trends may influence the Federal Reserve’s decision to ... Read More›

Housing Interest Rates Affordability REconomy

How Does Delta Variant-fueled Economic Uncertainty Impact Housing Market Potential?

By Mark Fleming on September 22, 2021

Housing market potential continued to strengthen in August, according to our Potential Home Sales Model, increasing 0.05 percent compared with July. The market potential for existing-home sales is now nearly 10 percent h... Read More›

Interest Rates Homeownership Potential Home Sales

The Reconomy Podcast™: Are House Prices More Affordable Than The Housing Boom Peak?

By FirstAm Editor on September 9, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why falling mortgage rates and rising income levels mean today’s soaring house pri... Read More›

Housing Interest Rates Affordability REconomy