The REconomy Podcast

In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine declining recession risk, the increasing likelihood of an economic ‘soft landing,’ and the budding housing market recovery.

In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi break down their 2024 housing market forecast, explaining why the housing market may be poised for a rebound.

The podcast dives into migration patterns impacting real estate markets, with Sun Belt cities growing while expensive coastal cities experience out-migration. Topics include high mortgage rates, leveraging equity, office debt risks, recession risk perceptions, builder sentiment, comparing renting to homeownership costs, and the financial benefits of owning over renting.

Economists discuss personal savings, unemployment, and fiscal stimulus. Consumer debt, demographics, and future economic impact. Real estate refinancing challenges, rising rates, and neutral rates. Remote work's lasting effect on housing demand and population shifts. Analysis of current house price trends and geographic variances.

Economists discuss the impact of federal funds rate on mortgage rates and analyze the correlation between 10-year yields and mortgage rates. They explore shelter inflation, predict future mortgage rates and multifamily rents, and compare current economic trends to the 80s.

In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi dig into recently released Survey of Consumer Finance data with Economist Ksenia Potapov to explain why they’re thankful for homeownership and its wealth-generating benefits.

In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the outlook for one of the relative bright spots in the commercial real estate economy – industrial real estate – with Senior Commercial Real Estate Economist Xander Snyder.

In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi compare the dynamics of today’s challenging housing market with the housing market crash of the mid-to-late 2000s and the housing market of the early 1980s.

In this episode of The REconomy Podcast™ from First American, Deputy Chief Economist Odeta Kushi and Senior Commercial Real Estate Economist Xander Snyder discuss the dynamics fueling the dramatic increase in property insurance premiums and how soaring property insurance costs may impact residential and commercial real estate markets.

In this episode of The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Economist Ksenia Potapov discuss how demographic forces can influence both home-buying demand and supply as millennials and Baby Boomers age into important phases of life that will impact the housing market.