First American economist dissects minority homeownership

  • First American Financial Chief Economist Mark Fleming predicts that growth in some minority groups will drive increases in household formation -- and ultimately, household demand from those groups.
  • First American also announced that it has launched a new online resource that will focus on economic and cultural trends shaping American homeownership.
  • The U.S. Census shows that minorities will become the new "minority-majority" by 2045, and homeownership rates among minorities are expected to increase.

New opportunities are arising for the real estate and mortgage industries to help minority groups achieve their homeownership goals, according to First American Financial Chief Economist Mark Fleming.