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.

Why House Prices Still Have Room To Run

By Mark Fleming on November 30, 2021

According to the Real House Price Index (RHPI), which measures housing affordability in the context of changes in consumer house-buying power,... Read More›

Interest Rates Real House Price Index Affordability

How Will Rising Mortgage Rates Impact House-buying Power?

By Mark Fleming on October 26, 2021

In August, year-over-year nominal house price appreciation reached 20.7 percent, the third consecutive month it has set a new record. According to our Real Hou... Read More›

Interest Rates Real House Price Index Affordability

Homes More Affordable Today Than During Previous Housing Peak In Each Of The Top 50 Markets

By Mark Fleming on September 28, 2021

In July, housing affordability continued its decline as year-over-year nominal house price appreciation reached a record 20 percent, vastly outpacing the increase in house-buying power compared with a year ago. The Read More›

Interest Rates Real House Price Index Affordability

Today's House Prices Are Over 40 Percent More Affordable Than The Housing Boom Peak

By Mark Fleming on August 30, 2021

The Real House Price Index (RHPI) measures affordability in the context of changes in consumer house-buying power, incorporating fluctuations in hous... Read More›

Interest Rates Real House Price Index Affordability

Affordability Declined For Third Month In A Row

By Mark Fleming on July 27, 2021

Housing affordability declined on a year-over-year basis for the third month in a row in May, following a two-year streak of rising affordability. The decline in May occurred even as two of the three key drivers of the Read More›

Interest Rates Real House Price Index Affordability

Is It A Good Time To Buy A Home?

By Mark Fleming on June 28, 2021

In today’s housing market, the power is very clearly in the hands of the seller. In April, First American Data & Analytics’ nominal house price index increased 16.2 percent year over year, the fastest pace since 2005. Rapid appreciation is driving ... Read More›

Interest Rates Real House Price Index Affordability