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

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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.

Business Wire Affordability Improves for the First Time since 2016, According to First American Real House Price Index May 28, 2019; Business wire housing market Potential Narrows Performance Gap in April, According to First american potential home sales model May 20, 2019

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Market Performance Gap. The market for existing-home sales is underperforming its potential by 1.3 percent or an estimated 68,000 (SAAR) sales. The market performance gap decreased by an estimated 37,000 (SAAR) sales between March 2019 and April 2019. chief economist analysis: Why Did Housing Market Potential Improve in April?

First American Financial Corporation FAF, -0.83% a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American.

Actual existing-home sales are 2.5 percent below the market’s potential, according to our Potential Home Sales model,” said Mark Fleming, chief economist at First American. “That means the market has the potential to support 127,000 more home sales at a seasonally adjusted annualized rate (SAAR).

First American Financial Corporation FAF, +1.25% a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s.

Housing Market Potential Narrows Performance Gap in April, According to First American Potential Home Sales Model First American Title and Taylor Morrison Complete 500 Hybrid eClosings Referenced.

 · ”In December, the market potential for existing-home sales in December increased 1.1 percent to a seasonally adjusted annualized rate of 6.15 million compared with a year ago, but the housing market still underperformed its potential by 9.6 percent, according to our Potential Homes Sales Model,” said Mark Fleming, chief economist at First.

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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.

First American Financial Corporation (NYSE: FAF), a leading global provider of title. Performance Gap, According To First American Potential Home Sales Model.. Housing Market Potential Narrows Performance Gap In April, According To.