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%.
Tag: Mark Fleming
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.
First American’s Mark Fleming–How ‘Higher for Longer’ Impacts the Housing Market
In January, mortgage rates declined and affordability improved by nearly 2 percent compared with December, according to First American’s Real House Price Index. However, on an annualized basis, affordability decreased by approximately 7 percent.
Pending Home Sales Slip 4.9% in January
Pending home sales slipped 4.9% in January, according to the National Association of Realtors.
First American’s Home Price Index Up 7.6% YoY
House prices increased 0.3 percent between October and November, according to First American Data & Analytics’ non-seasonally adjusted Home Price Index.
First American’s Mark Fleming: The Housing Market Outlook is Not Too Hot, Not Too Cold, But Not Quite Right Either
If the 2020-2021 housing market was ‘too hot,’ then the 2023 market was probably ‘too cold,’ but 2024 won’t yet be ‘just right.’
First American’s Mark Fleming: Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices
House prices have remained resilient, even in the face of fast-rising mortgage rates. That’s because the relationship between rising mortgage rates and home prices may not be as straightforward as many believe.
First American’s Mark Fleming: Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices
House prices have remained resilient, even in the face of fast-rising mortgage rates. That’s because the relationship between rising mortgage rates and home prices may not be as straightforward as many believe.