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.

The REconomy Podcast™: Where are mortgage rates headed and what makes them so hard to forecast?

By FirstAm Editor on May 18, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss why mortgage rates are notoriously difficult to forecast and how post-pandemic dynamics are influencing the direction of mortgage rates in 2023. Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: What Would the Economy and Housing Market Look Like if the Pandemic Never Happened?

By FirstAm Editor on May 4, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss what may have happened to the economy and the housing market if the COVID-19 pandemic had never occurred. Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: Underutilized Office Buildings Pose Challenge to Commercial Real Estate Sector

By FirstAm Editor on April 20, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how underutilized office space may impact the commercial real estate industry with special guest Senior Commercial Real Estate Economist Xander Snyder Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: What Do the Recent Bank Failures and Federal Reserve Actions Mean for the Housing Market?

By FirstAm Editor on April 7, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi break down the housing market implications from an eventful month of March, which included ongoing inflationary pressure, bank failures and a Federal Reserve rate increase. Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: Why House Prices in Some Markets are More Resilient than Others

By FirstAm Editor on March 23, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss home price trends nationally and at the market level, examining why house prices in some markets are more resilient than others as house prices adjust to higher mortgage rates. Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: What is a Housing Recession and is the U.S. in One Now? (Part 1)

By FirstAm Editor on March 9, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how to define the term ‘housing recession’ and try to determine whether or not the U.S. housing market is currently in a housing recession. Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: What Does the Prevalence of Remote and Hybrid Work Mean for the Supply of Office Space?

By FirstAm Editor on February 23, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss how office space utilization has shifted during and after the pandemic, and what that means for office space supply in the near future with special guest Senior Commercial Real Estate Economist Xander Snyder. Read More›

Housing Interest Rates Affordability REconomy

The REconomy Podcast™: Why is a 2% Inflation Rate So Important to the Federal Reserve?

By FirstAm Editor on February 10, 2023
In this episode of the REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the origin of the Federal Reserve’s 2% inflation rate target and explain how the Fed influences the economy to achieve its dual mandate of maximum employment and price stability. Read More›

Housing Interest Rates Affordability REconomy