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

First American Financial Corporation FAF, -0.12%, 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 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.

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.

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.

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.

Chief Economist Analysis: Housing Market Performance Gap Narrows, but Remains Below Potential "In January, the market potential for existing-home sales increased to a 6.1 million seasonally adjusted annualized rate (SAAR), a 0.4 percent month-over-month increase, and a gain of 210,000 (SAAR) sales from January 2017," said Mark Fleming.

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.

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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

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.

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 market continued to underperform its potential in April 2019, but the performance gap shrank compared with March," First American Chief Economist Mark Fleming said.

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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.

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