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.

Where Is Housing Overvalued?

By Mark Fleming on September 27, 2022

Housing affordability continued its rapid annual decline in July 2022, as nominal house prices increased 16.7 percent year over year and the 30-year, fixed mortgage rate increased 2.5 percentage points compared with a year ago.... Read More›

Interest Rates Real House Price Index Affordability

The Reconomy Podcast™: What Does Student Loan Debt Forgiveness Mean For The Housing Market?

By FirstAm Editor on September 22, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain the connection between educational attainment and homeownership, and how student loan debt forgiveness may impact ... Read More›

Housing Interest Rates Affordability REconomy

Why Housing Market Potential Increased For The First Time In Nearly A Year

By Mark Fleming on September 21, 2022

August marked the first time in nearly a year that housing market potential increased on a monthly basis, increasing 2.1 percent compared with July to an estimated pace of 5.61 million at a seasonally adjusted annualized rate (SAAR). The month-over-mon... Read More›

Interest Rates Potential Home Sales tenure

The Reconomy Podcast™: Welcome To The ‘great Moderation’ Of The Housing Market

By FirstAm Editor on September 8, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi explain why the housing market is adjusting to a not-so-new normal pace of price appreciation – the Great Moderation.

Read More›

Housing Interest Rates Affordability REconomy

Where Are House Prices Moderating The Most?

By Mark Fleming on August 29, 2022

In June 2022, the Real House Price Index (RHPI) jumped up by 53.3 percent on an annual basis, setting a new record for the fifth month in a row for the fastest year-over-year growth in the more than 30-year history of the serie... Read More›

Interest Rates Real House Price Index Affordability

The Reconomy Podcast™: The State Of Housing Affordability For Potential First-time Home Buyers

By FirstAm Editor on August 25, 2022

In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how housing affordability has shifted since the early spring and what that means for potential first-time home buy... Read More›

Housing Interest Rates Affordability REconomy