Economics | First American

Mark Fleming
Chief Economist

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The household debt-to-income ratio is at a 4-decade low and household equity near a 3-decade high.
Following the rapid contraction in U.S. economic activity as a result of the outbreak of COVID-19, the unemployment rate spiked to 14.4 percent in April and remained elevated in May (13.0 percent), setting the mark for the two highest recorded rates in the post-World War II era. Continue Reading
Mark Fleming
Chief Economist

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The impact of education in relation to homeownership has nearly doubled in 10 years.
Our Homeownership Progress Index (HPRI) measures the potential for homeownership demand based on underlying factors like educational attainment or income growth. Continue Reading

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First American’s podcast examining the economic forces that influence real estate, housing and affordability, featuring First American Chief Economist Mark Fleming, Ph.D. and Deputy Chief Economist Odeta Kushi.

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Last post of the year! Thank you to all who follow me. We have made it through 2020. Let’s turn our intentions to 2021! #FirstAmEcon Will the Super-Sellers' Market Continue to Impact Affordability in 2021? https://t.co/nrP8r2YefA
— Mark Fleming (@mflemingecon) December 28, 2020

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Mark Fleming

The household debt-to-income ratio is at a 4-decade low and household equity near a 3-decade high.

Mark Fleming

The impact of education in relation to homeownership has nearly doubled in 10 years.

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Impact

Recent Insights

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Data Center