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 Do Fewer Multifamily Transactions and Greater Pricing Uncertainty Mean for Cap Rates?

By Xander Snyder on January 27, 2023

Slowing demand to lease apartments is now reducing demand to own multifamily properties. Read More›

Commercial Real Estate Interest Rates Potential Cap Rate Model

The REconomy Podcast™: Is the New-Home Market Over-Supplied?

By FirstAm Editor on January 26, 2023

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why new homes are making up a growing share of the overall supply of available homes for sale in the U.S. and what... Read More›

Housing Interest Rates Affordability REconomy

Why Housing Market Potential Increased for the Second Straight Month

By Mark Fleming on January 20, 2023

Housing market potential closed 2022 on a two-month upswing, increasing by 3.0 percent relative to November. Despite the second consecutive month-over-month uptick, housing market potential remained down 17 percent compared with December of last year, ... Read More›

Interest Rates Potential Home Sales tenure

CRE X-Factor: Watch CMBS Maturities for Early Indications of Risk

By Xander Snyder on January 18, 2023

Since Commercial Mortgage-Backed Securities (CMBS) are actively traded, their prices fluctuate more than other types of commercial debt as interest rates move. Given this interest rate sensitivity, CMBS provide insight into ... Read More›

Commercial Real Estate Interest Rates

‘Til Debt Do Us Part: What Maturing CMBS Debt Signals About the Scale of Refinancing Risk in 2023 and Beyond

By Xander Snyder on January 13, 2023

As the Federal Reserve further tightens monetary policy by raising interest rates, existing borrowers of fixed-rate debt will be impacted when that debt matures. At that point, borrowers will likely need to refinance at highe... Read More›

Commercial Real Estate Interest Rates

The REconomy Podcast™: What Will it Take for the Housing Market to Rebalance?

By FirstAm Editor on January 12, 2023

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine house price trends, mortgage rate fluctuations and housing supply levels for insight into what it may take for the... Read More›

Housing Interest Rates Affordability REconomy