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.

Will Higher Mortgage Rates Bring Normalcy To The Housing Market?

By Mark Fleming on May 18, 2022

The market potential for existing-home sales in April declined 3 percent compared with last month, falling to 5.74 million at a seasonally adjusted annualized rate (SAAR). Housing market potential is down 8.1 percent, compared with the roaring housing ... Read More›

Interest Rates Potential Home Sales tenure

Why The 2022 Housing Market Is Very 2019

By Mark Fleming on April 19, 2022

Since the start of the global pandemic in March 2020, we have weathered unprecedented pandemic-induced changes and the housing market has been no exception. The typically hot spring home-buying season in 2020 was initially frozen by the pandemic’s impa... Read More›

Interest Rates Potential Home Sales tenure

What Is Driving Housing Market Potential As The Spring Home-buying Season Begins?

By Mark Fleming on March 18, 2022

Following nearly two years of a soaring housing market, the 2022 spring home-buying season will be watched closely for signs that more balance may be returning to the housing market. Our Potential Home Sales Model estimates the expected level of existi... Read More›

Interest Rates Potential Home Sales tenure

Opposing Supply-demand Forces Hold Key To Housing Market Potential

By Mark Fleming on February 22, 2022

While still 4 percent higher than one year ago, the market potential for existing-home sales declined to its lowest level since June 2021, according to the first Potential Home Sales Model report of 2022. Demand for homes wil... Read More›

Interest Rates Potential Home Sales tenure

Millennials Remain Driving Force In Housing Market Potential

By Mark Fleming on January 19, 2022

The final Potential Home Sales Model report of 2021 revealed that market potential ended the year on a strong note. While the winter months are traditionally real estate’s slow season, our measure of the market potential for ... Read More›

Interest Rates Potential Home Sales tenure

Will Rising Mortgage Rates Slow Sales?

By Mark Fleming on December 22, 2021

In November 2021, housing market potential decreased modestly month-over-month to a 6.26 million seasonally adjusted annualized rate (SAAR), according to our Potential Home Sales (PHS) model. Housing market potential in November increased 7.2 percent c... Read More›

Interest Rates Potential Home Sales tenure