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.

Blame The Homebodies: Why Are Homeowners Staying In Their Homes So Long?

By Mark Fleming on January 11, 2019

It’s been over six years since house prices hit their trough and the housing market bottomed out. Since then, house prices have recovered nationally and reached historic highs. The price recovery has most recently been driven by a supply shortage. The availability of homes for sale is running near historic lows because single-family housing...

Read More ›

Topics: homeownership, Housing, Potential Home Sales, Insider

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...

Read More ›

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

Do Rising Rates Outweigh The Impact Of The Strong Economy On Housing Market Potential?

By Mark Fleming on November 19, 2018

While the housing market continues to underperform its potential by 6.5 percent, the gap between actual existing home sales and the market potential for home sales narrowed by 1 percent in October compared with September, according to our Potential Homes Sales model. The housing market has the potential to support more than 391,000 additional...

Read More ›

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

Get the latest news

{{ module.title }}