Tag Archives: Mark Fleming

“The higher the mortgage rate, the more sellers will go on strike and the more potential buyers will feel the impact of reduced house-buying power, but price appreciation will further slow and potential buyers can use adjustable-rate mortgages to regain some of that lost house-buying power,” said Mark Fleming, First American’s Chief Economist.

A new blog post by Mark Fleming, the Chief Economist at First American Financial Corporation discusses the findings of the latest Real House Price Index (RHPI) covering June ...

  First American Financial Corporation has released the latest Potential Home Sales Model for the month of July 2022, which uses proprietary data to measure what the healthy ...

Potential is defined as the latent ability for a thing to develop into something bigger in the future. Currently, the housing market is trying to find a new ...

Mark Fleming, Chief Economist at First American, explains why current conditions mean adjustable-rate mortgages “could be a game-changer for many first-time homebuyers."

Mortgage application volume fell slightly week-over-week, even as rates fell sharply amid fears of a worsening economic outlook.

Month-over-month, pending sales of homes in the U.S. remain in decline, as escalating rates have bumped up the cost of purchasing a home by more than 25% year-over-year.

House-buying power, or how much one can buy based on changes in income and interest rates, has decreased both month-over-month and year-over-year.

The average U.S. home gained $1,800 in value between November and December 2021.

A new analysis from First American has found that home buyers continue to struggle to afford high listing prices amid a shrinking supply.