With the onset of the COVID-19 Pandemic, the first quarter of 2020 marked an important turning point in the economy and housing market. Instead of our usual format, this edition of the first-time homebuyer report covers both the Q1 market and developments in April and May. The first-time homebuyer market started the year strong with […]
Author Archive for: Tian.Liu
About Tian Liu
Tian Liu is the Chief Economist at Genworth Mortgage Insurance, responsible for tracking U.S. and regional economic trends. He also authors the company’s Weekly Economic Report, and provides regular updates on U.S. and regional economies, as well as the housing and mortgage market.
Mr. Liu began his economics career in the Australian Treasury Department in 1997. He started covering the U.S. housing market with Cemex in 2007, where he was the Director of Economics responsible for economics and housing market analysis supporting the senior management of Cemex U.S. operations. He was hired by Owens Corning to lead its economics team in 2011. Mr. Liu joined Genworth Mortgage Insurance as its Chief Economist in 2014.
Mr. Liu has a Masters in Economics from the University of Chicago and an undergraduate degree in Economics from the Australian National University. He resides in Raleigh, North Carolina, with his wife and two children.
Entries by Tian Liu
4TH QUARTER 2019 – SUMMARY OF FINDINGS In this edition of the First-Time Homebuyer Market Report, we’ll take a look at the following dynamics from the fourth quarter of 2019: The first-time homebuyer market was very active in Q4, finishing another historically strong year. The number of first-time homebuyers showed strong year-over-year growth, at a […]
2ND QUARTER 2019 – SUMMARY OF FINDINGS This edition of the First-Time Homebuyer Market Report covers three trends in the first-time homebuyer market in Q2’19. First, there was not a quick rebound in the first-time homebuyer market, and sales to first-time homebuyers continued to show a moderate decline. This came as a surprise because the […]
First-time homebuyers are lining up to transform the mortgage industry The mortgage origination market is in the middle of a dramatic transition in customer mix. This transition is driven by two powerful forces — pent-up demand accumulated over the past 10 years and the influx of a large group of new homebuyers. This transition has […]
In last week’s economic commentary, I discussed the latest population estimate for the 380 metropolitan areas from the Census Bureau. In 2016, close to 280 million people, or almost 90% of the U.S. population, lived in these large population centers. For all practical purposes, most of the economic activities in the U.S. are happening in these large […]