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.

Housing Market Potential Poised To Grow In 2021

By Odeta Kushi on February 18, 2021

At the onset of 2021, positive housing market dynamics powered growth in the market potential for existing-home sales, offsetting negative market supply dynamics. Millions more millennials will age into their prime home-... Read More›

Interest Rates Potential Home Sales tenure

Why Housing Market Potential May Build On Momentum From Historic 2020

By Mark Fleming on January 22, 2021

In the final month of 2020, the market potential for existing-home sales reached its highest point since 2007, rising to a 6.18 million seasonally adjusted annualized rate (SAAR) of sales. While the winter months are tra... Read More›

Interest Rates Potential Home Sales tenure

What Will Drive Housing Market Potential In 2021?

By Mark Fleming on December 21, 2020

The housing market continues to impress, even as it enters the colder months, which is traditionally real estate’s slow season. After falling to a near-decade low in May due to pandemic-driven pressures, existing-home sa... Read More›

Interest Rates Potential Home Sales tenure

What Does The Housing Market’s Historic Pandemic Rebound Mean For 2021?

By Mark Fleming on November 18, 2020

The housing market’s historic rebound since bottoming in the spring has been nothing short of amazing. After falling to a near-decade low in May, existing-home sales hit a 14-year high in September. In October, our measu... Read More›

Interest Rates Potential Home Sales tenure

Why Housing Market Potential Remains At 13-year High Point

By Mark Fleming on October 16, 2020

The housing market’s impressive “V-shaped” recovery has thus far shown significant resilience to the economic impacts of the coronavirus pandemic. Demographically driven millennial demand has continued unabated, low rate... Read More›

Interest Rates Potential Home Sales tenure

Housing Market Potential Reaches Highest Level Since 2007

By Mark Fleming on September 21, 2020

Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped... Read More›

Interest Rates Potential Home Sales tenure