Housing Market Potential Narrows Performance Gap in April, According to First American Potential Home Sales Model

Actual existing-home sales remain 1.3 percent below the market’s potential, but the performance gap narrowed from 2.0 percent last month, according to our Potential Home Sales model," said Mark Fleming, chief economist at First American.

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Chief Economist Analysis: Why Did housing market potential improve in April? “The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with.

Actual existing-home sales are 0.2 percent above the market’s current potential, according to our Potential Home Sales model," said Mark Fleming, chief economist at First American. "Even as mortgage rates have decreased, and household income has increased, the market is underperforming compared to it’s potential from a year ago.

Housing Market Potential Narrows Performance Gap in April, According to First American Potential Home Sales Model First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s proprietary Potential Home Sales.

The Impact of Rising Rates on Housing Market Potential, According to First American Potential Home Sales Model -"There are a variety of reasons why people buy homes that are completely.

-The keys to closing the performance gap lie in where mortgage rates go from here and how existing homeowners resolve the dilemma to sell or not to sell, says Chief Economist Mark Fleming- First.

In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to First American’s Potential Home Sales Model. "The housing.

According to a new report by First American, while existing-home sales continued to underperform their potential in December 2017, the gap between actual sales and that potential has continued to.

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The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with March. Actual existing-home sales remain 1.3 percent below the market’s potential, but the performance gap narrowed from 2.0 percent last month, according to our Potential Home Sales model.

The existing-home market continued to underperform its potential in January, but the gap between actual market performance and potential home sales has narrowed significantly, according to First.