Oct 30 2024 59 mins 9
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Mark Fleming, chief economist at First American Financial Corporation, to talk about the major market dynamics that will shape the real estate market in 2025.
About Mark Fleming
Mark Fleming serves as the chief economist for First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry. In his role, he leads an economics team responsible for analysis, commentary and forecasting trends in the real estate and mortgage markets.
Fleming's research expertise primarily includes real estate and urban economics, applied econometrics, and mortgage risk. As a trusted and influential voice with 20 years of experience in the mortgage and property information business, Fleming is frequently quoted by national news outlets and industry trade publications, such as The Wall Street Journal, New York Times, and Housing Wire, and he is a regular guest on a high-profile broadcast news channels, including CBS, CNBC, Fox Business News and NPR.
Here’s a glimpse of what you’ll learn:
- Are we at the end of “the long cold winter” in the housing market
- Are we poised for a rebound in 2025?
- Why home sales fell but not home prices in the post-pandemic era
- His expectation for where mortgage rates will settle
- How he measures affordability, and what it teaches us about the US right now
- The most and least affordable markets in the country, and how that’s changing
- Whether first time homebuyers in 2025 will finally catch a break
- How to estimate home price appreciation
- Why the biggest trends in the housing market are not poised to change in 2025
- What the election means for housing (and what it doesn’t)
- Surprising stats about how much we (don’t) build homes anymore
Resources mentioned in this episode:
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
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About Altos Research
The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
