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.

Interviews On CNBC And Yahoo! Finance: Discussing The 2019 Mortgage Rate Outlook, Millennials and Student Debt, And Baby Boomers And Limited Housing Supply

By FirstAm Editor on January 18, 2019

First American Chief Economist Mark Fleming was interviewed on both CNBC and Yahoo! Finance earlier this week and discussed the outlook for mortgage rates in 2019, the impact of student debt on millennial first-time home buyers and how baby boomers aging in place is limiting housing supply.

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Topics: Housing, Interest Rates, Millennials, Affordability, In The News, Baby Boomers

Interview On CNBC: Discussing The 2019 Housing Market Outlook

By FirstAm Editor on January 4, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and shared his perspective on today’s housing market and the outlook for 2019.

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Topics: Housing, Interest Rates, Millennials, Affordability, In The News

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: Real House Price Index, Affordability, Insider, Interest Rates

What Do Previous Rising Mortgage Rate Eras Tell Us About Today's Housing Market?

By Mark Fleming on December 17, 2018

In November, the housing market underperformed its potential by 7.4 percent, marking 40 straight months the market remained below its potential, according to our Potential Homes Sales Model. Month over month, the gap between actual existing-home sales and the market potential for home sales narrowed by 1.2 percent, but the housing market still...

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Topics: Potential Home Sales, Interest Rates, homeownership, Federal Reserve, Insider

Will Fintech Adoption Among Real Estate Professionals Accelerate In 2019?

By Mark Fleming on November 27, 2018

Throughout 2018, we’ve seen many trends that set the groundwork for the acceleration of financial technology (fintech) adoption. It has been a strong seller’s market across the top U.S. metropolitan areas. With inventory low and house prices at historic highs, prospective home buyers felt pressured to settle deals quickly before opportunities...

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Topics: fintech, eClosing, Remote online notarization, chat bots, Real Estate Sentiment Index, Housing, Interest Rates

Why Is Real House Price Appreciation Accelerating?

By Mark Fleming on November 26, 2018

In September, all three of the key drivers of the Real House Price Index (RHPI),  household income, mortgage rates, and an unadjusted house price index, increased compared with a year ago. When household income rises, consumer house-buying power increases. When mortgage rates and house prices increase, consumer house-buying power decreases. The...

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Topics: Real House Price Index, Affordability, Insider, Interest Rates

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