Are “life events” kick-starting a housing market recovery? After years of subdued activity, the U.S. housing market may finally be inching toward normalcy. As Odeta Kushi explains in her latest analysis, First American’s Real House Price Index is indicating that easing mortgage

Just discovered PriceMe — it’s basically Wordle for house prices. A little PSA for my fellow housers: add it to your morning coffee puzzle rotation (or is that just me?) priceme.game/puzzle/

Inflation picked up in September, but likely not enough to knock the Fed off course for an October rate cut to shore up the labor market. The December outlook is less clear, with officials split on how fast to ease and whether to prioritize jobs or prices. More details below.

In this episode of the REconomy Podcast, we break down whether the commercial real estate market has reached peak distress, explaining why shifts in debt maturities, delinquency rates and sales activity across asset classes may offer a glimmer of optimism. blog.firstam.com/reconomy-podca…

Are we at peak CRE distress? On Ep. 127 of The REconomy Podcast, Odeta Kushi and I dig into the data: -- Office CMBS delinquencies hit a record 11.6% in August before easing ~50 bps in September. -- Multifamily distress is concentrated in private label CMBS & CLO loans (which

ADP estimates that private sector payrolls expanded by 14,250 on average for the four weeks ended Oct. 11 The company says it will begin releasing such weekly estimates every Tuesday mediacenter.adp.com/2025-10-28-ADP…

With the vacancies report delayed, the long view matters. Our projections show steady household growth through 2060. Construction is the crucial swing factor—without it, vacancies likely stay below historical norms. Check out our upcoming blog post dives deeper into these trends!

Pending home sales were flat in Sept., with signings hitting their 2nd-strongest pace of 2025. Lower rates are drawing buyers back in—especially in the South. Still, “life happens” events will continue driving demand, while broader affordability and inventory challenges persist.

Despite ongoing affordability challenges, homeownership continues to be a major vehicle for wealth accumulation over time. Even homeowners who bought at the 2006 peak have built roughly $181K in equity, according to...

Powell: "No risk-free path for policy." Paraphrase: "Downside risks to employment have increased…and we are taking a more neutral policy response…we continue to face two-sided risks." "A further reduction in December is not a foregone conclusion." #FOMC #FederalReserve

Regarding the lack of gold star government data and the potential for a December rate cut: Powell: "What do you do if you're driving in the fog? You slow down."

The Fed just cut its benchmark Fed Funds rate by 25 bps to 3.75%–4.00% and pivoted on the balance sheet. Starting December 1st, Treasury runoff will stop (those maturities will be rolled). MBS runoff will continue, with those proceeds being reinvested into Treasuries. In plain

Our latest analysis examines generational trends and their implications for the future of homeownership. Read the full analysis and check out the interactive visuals:  blog.firstam.com/economics/from…

Midwestern industrial markets are resetting. After years of record demand and construction, investors are finding that less might actually be more. A quick thread on why industrial investment strategies are shifting.

Always enjoy our conversations, Mike Simonsen 🐉!

While a little late for Halloween, in this episode of the REconomy Podcast, we shine a light on the housing market’s scariest headlines. Listen below or on your favorite podcast platform! blog.firstam.com/reconomy-podca…

I recently had the opportunity to connect with Gordon Lamphere J.D. 🏭 CRE on his Real Finds podcast to discuss trends in Midwestern industrial markets. Among the topics we discussed:

“Progress without a breakout.” This, in essence, is what to expect of the housing market in 2026. In Odeta Kushi latest, she covers First American's housing outlook for 2026. It'll be characterized by a slow improvement in affordability via slower price growth and rising