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 Housing Market Potential Increased For The First Time In Nearly A Year

By Mark Fleming on September 21, 2022

August marked the first time in nearly a year that housing market potential increased on a monthly basis, increasing 2.1 percent compared with July to an estimated pace of 5.61 million at a seasonally adjusted annualized rate (SAAR). The month-over-mon... Read More›

Interest Rates Potential Home Sales tenure

Is This The Great Normalization Of The Housing Market?

By Mark Fleming on August 17, 2022

According to our Potential Home Sales Model, the market potential for existing-home sales in July was estimated to be 5.45 million at a seasonally adjusted annualized rate (SAAR), down 0.2 percent compared with last month, and 14.4 percent lower than o... Read More›

Interest Rates Potential Home Sales tenure

How The Fundamentals Influencing Housing Market Potential Have Changed

By Mark Fleming on July 20, 2022

The market potential for existing-home sales in June was estimated to be 5.47 million at a seasonally adjusted annualized rate (SAAR), down 2.5 percent compared to last month, and 13.1 percent lower than one year ago, which is near the same level as in... Read More›

Interest Rates Potential Home Sales tenure

Two Trends Slowing Housing Market Normalization

By Mark Fleming on June 20, 2022

The market potential for existing-home sales in May fell 2 percent to 5.62 million at a seasonally adjusted annualized rate (SAAR), compared with last month, and is 10.5 percent lower than one year ago. Yet, the market potential for home sales remains ... Read More›

Interest Rates Potential Home Sales tenure

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