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.

Millennials Remain Driving Force In Housing Market Potential

By Mark Fleming on January 19, 2022

The final Potential Home Sales Model report of 2021 revealed that market potential ended the year on a strong note. While the winter months are traditionally real estate’s slow season, our meas... Read More›

Interest Rates Potential Home Sales tenure

The Reconomy Podcast™: What The Federal Reserve’s Approach To Inflation Means For The Housing Market In 2022

By FirstAm Editor on January 13, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the challenge facing the Federal Reserve in 2022 – how to tackle inflation while p... Read More›

Housing Interest Rates Affordability REconomy

The Reconomy Podcast™: What To Expect From The Housing Market In 2022

By FirstAm Editor on December 30, 2021

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the economic forces that will shape the housing market in 2022.

Read More›

Housing Interest Rates Affordability REconomy

Affordability Falls To Its Lowest Level Since 2008

By Mark Fleming on December 27, 2021

Affordability sank to its lowest level since 2008 in October, as two of the three key drivers of the Real House Price Index (RH... Read More›

Interest Rates Real House Price Index Affordability

Will Rising Mortgage Rates Slow Sales?

By Mark Fleming on December 22, 2021

In November 2021, housing market potential decreased modestly month-over-month to a 6.26 million seasonally adjusted annualized rate (SAAR), according to our Potential Home Sales (PHS) model. Housing market potential in ... Read More›

Interest Rates Potential Home Sales tenure

What’s The Outlook For The Housing Market In 2022?

By Odeta Kushi on December 20, 2021

At first glance, the outlook for the 2022 housing market is a familiar one – strong millennial demand for homes constrained by an ongoing, historic housing supply shortage. This supply-demand imbalance generated the reco... Read More›

Housing Interest Rates Millennials Affordability