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.

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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.