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

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

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Mortgage Rates Deliver Surprise Boost to Demand and Supply in 2019, According to First American Real Estate Sentiment Index Housing Market Potential Narrows Performance Gap in April, According to First American Potential Home Sales Model

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 Model for the month of April 2019.

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Actual existing-home sales are 2.3 percent below the market’s potential, narrowing the gap from last month, according to our Potential Home Sales model," said Mark Fleming, chief economist at.

"Our Potential home sales model forecasts what the market potential for home sales should be given current economic, demographic, and housing market environments. potential home sales, while currently at a level of 6.1 million SAAR, are expected to reach an estimated 6.29 million SAAR by the end of 2019, despite a rising rate environment.

“The market potential for existing-home sales increased 1.1 percent compared with May, according to our Potential Home sales model. “In June, housing. First American. Information from this page may.

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

Market Performance Gap. The market for existing-home sales is underperforming its potential by 1.3 percent or an estimated 68,000 (SAAR) sales.

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The next Potential Home Sales Model will be released on June 20, 2019 with May 2019 data. About the Potential Home Sales Model

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.

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