Mark Fleming, chief economist at First American, writes that comparing the pace of home sales today to past decades without considering the growing number of households is misleading.
Tag: Mark Fleming
November Job Growth Exceeds Expectation
November’s job creation bounced back from October and exceeded consensus estimates.
BLS: Jobs Close to Flat in October
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
Affordability Improves for Second Month, but Home Buyers Shrug–Mark Fleming from First American
Nationally, affordability improved on a monthly basis for the second consecutive month in July, driven by lower mortgage rates and positive income growth. However, on an annual basis, affordability remains nearly 2 percent lower than one year ago.
Affordability Improves for Second Month, but Home Buyers Shrug–First American’s Mark Fleming
Nationally, affordability improved on a monthly basis for the second consecutive month in July, driven by lower mortgage rates and positive income growth. However, on an annual basis, affordability remains nearly 2 percent lower than one year ago.
First American’s Mark Fleming: Affordability Improves for Second Month, but Home Buyers Shrug
Nationally, affordability improved on a monthly basis for the second consecutive month in July, driven by lower mortgage rates and positive income growth. However, on an annual basis, affordability remains nearly 2 percent lower than one year ago.
Mark Fleming From First American: Affordability Crunch Unlikely to Change Soon
Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
First American’s Mark Fleming: Affordability Crunch Unlikely to Change Through 2024
Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
First American’s Mark Fleming: Affordability Crunch Likely Unchanged Through 2024
Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
First American Chief Economist Mark Fleming: An Overvalued Housing Market May Be Returning
In March, mortgage rates increased and affordability fell modestly by 0.1 percent compared with February, according to the Real House Price Index. On an annualized basis, affordability decreased by approximately 5 percent.