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 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

Why Housing Market Potential Keeps Rising

By Mark Fleming on November 22, 2021

In September 2021, existing-home sales increased to a 6.29 million seasonally adjusted annualized rate (SAAR). Prior to the pandemic, the housing market had not reached this sales pace since 2006. We may see another strong month in October, as housing ... Read More›

Interest Rates Potential Home Sales tenure

Do Rising House Prices Help Or Hurt The Housing Market?

By Mark Fleming on October 15, 2021

Housing market potential strengthened modestly in September, increasing a 0.4 percent compared with August, according to our Potential Home Sales Model. The slight increase means that on a year-over-year basis, housing market potential is now nearly 9 ... Read More›

Interest Rates Homeownership Potential Home Sales

How Does Delta Variant-fueled Economic Uncertainty Impact Housing Market Potential?

By Mark Fleming on September 22, 2021

Housing market potential continued to strengthen in August, according to our Potential Home Sales Model, increasing 0.05 percent compared with July. The market potential for existing-home sales is now nearly 10 percent higher than in August of 2020, wh... Read More›

Interest Rates Homeownership Potential Home Sales

How The ‘delta Dip’ Boosted Housing Market Potential

By Mark Fleming on August 20, 2021

Housing market potential strengthened in July, according to our Potential Home Sales Model, increasing 1.3 percent compared with June. It is now nearly 16 percent higher than in July of last year, when the housing market’s summer rebound began, followi... Read More›

Interest Rates Homeownership Potential Home Sales

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 decline last June.

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Interest Rates Homeownership Potential Home Sales