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 Today’s Housing Market May Be a Recession Buster

By Odeta Kushi on February 4, 2020
In the third quarter of 2019, the United States reached its longest economic expansion in history, which caused some people to wonder whether we were overdue for a correction. Additionally, global uncertainty resulted in a flight to safety of U.S. Treasury bonds, prompting the dreaded inversion of the yield curve. When that happened, we discussed ... Read More›

Housing Interest Rates Wage Growth

What Do the Top 10 Cities for Entry-Level New Home Construction Have in Common?

By Odeta Kushi on November 22, 2019
The dominant theme in the housing market nationally in 2019 has been the ongoing challenge of a dearth of housing supply amid rising demand. A natural solution to the challenge is to build more homes. Yet, nationally, supply headwinds still make it hard for builders to ramp up new construction, especially at the entry-level, where first-time home ... Read More›

Millennials First-Time Homebuyer Wage Growth

Will Wage Growth Signal Relief for Potential Home Buyers?

By Mark Fleming on August 3, 2018
Home buyers should feel a bit more confident today after the Bureau of Labor Statistics’ employment situation report for July stated that the unemployment rate edged down to 3.9 percent, and hourly wages continue to increase. House price appreciation has exceeded wage growth for 6 years, so ongoing increases in wage growth could translate into ... Read More›

Housing Wage Growth