CNBC Interview: Discussing the impact of the election on interest rates, future of technology in real estate finance

By FirstAm Editor on November 22, 2016
First American Chief Economist Mark Fleming was interviewed yesterday on CNBC regarding the surge in interest rates following the U.S. presidential election and what it means for the housing market in the year ahead. Read More

In The News Interest Rates Millennials

Low Rates and Increased Wages Increase Affordability for U.S. Home Buyers in Almost All Major Markets

By FirstAm Editor on October 25, 2016
First American’s proprietary Real House Price Index (RHPI) looks at August 2016 data and includes analysis from First American Chief Economist Mark Fleming that explains that counter to conventional wisdom, affordability for home buyers in many markets is increasing due to low interest rates and increasing wages. Read More

Interest Rates Real House Price Index Income Affordability

Market is Missing Its Potential Due to Tight Supply

By Mark Fleming on October 18, 2016
First American has updated its proprietary Potential Home Sales model for the month of September. Read More

Housing Interest Rates

Affordability in Almost All Major Markets Continues to Improve in July

By FirstAm Editor on September 26, 2016
First American’s proprietary Real House Price Index (RHPI) looks at July 2016 data and includes analysis from First American Chief Economist Mark Fleming the explains how rising incomes and low interest rates are contributing to increased affordability in most major U.S. markets. Read More

Interest Rates Real House Price Index Income Affordability

Foreign Monetary Stimulus a Positive for U.S. Consumer House-Buying Power

By FirstAm Editor on August 26, 2016
First American’s proprietary Real House Price Index (RHPI) looks at June 2016 data and includes analysis from First American Chief Economist Mark Fleming explaining the influence of foreign monetary stimulus on U.S. mortgage rates and its impact on consumer house-buying power. Read More

Interest Rates Real House Price Index Income

Market Hovering at Potential in Era of Many Housing “Positives”

By Mark Fleming on August 22, 2016
For the month of July, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 1.3 percent or an estimated 92,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement over last month’s revised under-performance gap of 1.8 percent, or 104,000 (SAAR) ... Read More

Housing Interest Rates