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.

How "Renter" Millennials Will Transform The Housing Market

By Odeta Kushi on December 10, 2018

Millennial demand for homeownership was one of the biggest trends influencing the housing market in 2018. Households under 35 years old contributed the most to overall homeownership growth in the third quarter of 2018, with millennial homeownership rising 1.2 percentage points from last year. This trend shows no indication of reversing in 2019....

Read More ›

Topics: Millennials, homeownership, Homeownership Progress Index, Insider

Defect Risk Declines Nationally, But Future Increases Possible For Regions Impacted By Natural Disasters

By Mark Fleming on December 3, 2018

For the second month in a row, the Loan Application Defect Index for purchase transactions increased in October compared with the previous month. Year over year, the Defect Index for purchase transactions decreased 8.9 percent compared with October 2017. The Defect Index for refinance transactions increased 1.4 percent compared with the...

Read More ›

Topics: Loan Application Defect Index, Fraud

Will Fintech Adoption Among Real Estate Professionals Accelerate In 2019?

By Mark Fleming on November 27, 2018

Throughout 2018, we’ve seen many trends that set the groundwork for the acceleration of financial technology (fintech) adoption. It has been a strong seller’s market across the top U.S. metropolitan areas. With inventory low and house prices at historic highs, prospective home buyers felt pressured to settle deals quickly before opportunities...

Read More ›

Topics: fintech, eClosing, Remote online notarization, chat bots, Real Estate Sentiment Index, Housing, Interest Rates

Why Is Real House Price Appreciation Accelerating?

By Mark Fleming on November 26, 2018

In September, all three of the key drivers of the Real House Price Index (RHPI),  household income, mortgage rates, and an unadjusted house price index, increased compared with a year ago. When household income rises, consumer house-buying power increases. When mortgage rates and house prices increase, consumer house-buying power decreases. The...

Read More ›

Topics: Real House Price Index, Affordability, Insider, Interest Rates

Interview On CNBC: Discussing The New Normal For The Housing Market

By FirstAm Editor on November 23, 2018

First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and discussed the current dynamics at play in the housing market where rising mortgage rates have impacted both supply and demand.

Read More ›

Topics: Housing, In The News, Interest Rates, Affordability, Millennials

Can Homebuilders Increase Productivity To Help Close Gap Between Housing Supply And Demand?

By Mark Fleming on November 21, 2018

Yesterday’s Census Bureau report for October indicated that we are falling short of adding homes to the market in the short-term, as completions decreased 6.5 percent compared with October of last year.

Read More ›

Topics: Housing, housing starts, homeownership, Insider

Get the latest news

{{ module.title }}