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.

Housing Supply Limiting Market Potential

By Mark Fleming on July 16, 2021

Housing market potential strengthened modestly in June, increasing 0.2 percent compared with May, according to our Potential Home Sales Model. Potential home sales are nearly 17 percent higher than the pandemic-driven de... Read More›

Interest Rates Homeownership Potential Home Sales

Why Homebodies Versus Pandemic-fueled Demand Will Determine The Outlook For Housing Market Potential

By Mark Fleming on June 22, 2021

Housing market potential strengthened again last month, according to our Potential Home Sales Model, despite significant supply headwinds. In May, housing market potential increased 0.8 percent compared with April, and i... Read More›

Interest Rates Homeownership Potential Home Sales

Why Housing Market Potential Strengthened In April

By Mark Fleming on May 20, 2021

Housing market potential regained strength in the month of April, according to our Potential Home Sales Model. In April, housing market potential increased 1.3 percent compared with March, and is now nearly 30 percent hi... Read More›

Interest Rates Homeownership Potential Home Sales

Rising Rates Unlikely To Substantially Cool Hot Spring Home-buying Season

By Mark Fleming on April 16, 2021

After hitting its highest point since 2007 last month, housing market potential fell modestly in March, according to our Potential Home Sales Model. Housing market potential remains near the 13-year high point, but the s... Read More›

Interest Rates Homeownership Potential Home Sales

The Good, The Bad And The Maybe Ahead Of Spring Home Buying

By Mark Fleming on March 19, 2021

In February 2021, housing market potential increased to its highest level since 2007, despite the largest month-over-month jump in mortgage rates since October 2019. Housing market potential rose 1.3 percent in February ... Read More›

Interest Rates Federal Reserve Homeownership Potential Home Sales

Housing Market Potential Poised To Grow In 2021

By Odeta Kushi on February 18, 2021

At the onset of 2021, positive housing market dynamics powered growth in the market potential for existing-home sales, offsetting negative market supply dynamics. Millions more millennials will age into their prime home-... Read More›

Interest Rates Potential Home Sales tenure