Six Trends Poised to Reshape Homeownership Demand: New Study by First American Chief Economist
Unlike typical homeownership rate studies, we’ve isolated the key economic and demographic factors that influence homeownership, while holding the other factors equal, so we’re able to provide a clearer picture of the impact each factor has on homeownership, says Chief Economist Mark Fleming
July 13, 2017, Santa Ana, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today published the findings from a new study exploring the future of homeownership demand in the U.S., titled “Six Trends Poised to Reshape Homeownership Demand.” The study, developed by First American Chief Economist Mark Fleming, provides an in-depth look at the state of homeownership today and the trends that will transform homeownership demand in the years ahead.
“Homeownership continues to be a critical driver of economic mobility, delivering financial and social advantages to entire communities, so understanding the forces that influence homeownership demand deserves attention,” said Fleming. “We’ve examined the key factors that influence the likelihood someone is a homeowner – educational attainment, income level, economic conditions, marital status and more. But, unlike typical homeownership rate studies, we’ve isolated each factor while holding the other factors equal, so we’re able to provide a clearer picture of the true impact that each of these economic and demographic factors have on homeownership demand.”
“Six Trends Poised to Reshape Homeownership Demand” can be downloaded for Fleming’s insight on the trends listed below.
- Trend #1: The Most Educated Generation in the U.S.
- Trend #2: Homes and Marriage Go Together
- Trend #3: The Home is a Family Formation Station
- Trend #4: Finally, Income Growth
- Trend #5: Is It All About the Economy?
- Trend #6: Closing the Gaps
Opinions, estimates, forecasts and other views contained in this page are those of First American’s Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American’s business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2017 by First American. Information from this page may be used with proper attribution.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With total revenue of $5.6 billion in 2016, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2016 and again in 2017, First American was named to the Fortune 100 Best Companies to Work For® list. More information about the company can be found at www.firstam.com.