In 2021, competition for homes was fierce, and prices reached records. Now, mortgage rates are rising, and the housing market is cooling. MarketWatch reporter Jacob Passy speaks with Mark Fleming, chief economist for First American Financial Corporation on what that means for the housing market as 2022 approaches.

Fri, Dec 10, 2021 · 12:00 PM Eastern Time (US & Canada) (GMT -5:00)
Jacob Passy
Personal-Finance Reporter, MarketWatch
Jacob Passy is a personal finance reporter for MarketWatch, covering real estate, credit cards and travel. He is also the author of MarketWatch's new real-estate column, The Big Move, where he answers reader questions about all aspects of the home-buying process.
Mark Fleming
Chief Economist, First American Financial Corporation
Mark Fleming serves as the chief economist for First American Financial Corporation, a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. 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 interests primarily include real estate and urban economics, applied econometrics and mortgage risk. He has published research in the American Journal of Agricultural Economics and Geographic Information Sciences. His research has also been published in the book, "Advances in Spatial Econometrics," and is a U.S. patent author.

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, The New York Times, and Housing Wire and he is a regular guest on high-profile broadcast news channels, including CBS, CNBC, Fox Business News and NPR.

Before joining First American, he developed insights and analytical products for CoreLogic, and property valuation models at Fannie Mae. Fleming graduated from the University of Maryland with a Master of Science and a doctorate in agricultural and resource economics and holds a Bachelor of Arts in economics from Swarthmore College. He lives and works in the Washington, D.C. area.