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Tag Archives: Existing-homes

Why Are Existing Home Sales Underperforming?

Home values

There’s a persisting gap between actual existing home sales and their potential in an otherwise robust housing market, according to a report. Here are the factors responsible for the gap and ways to bridge it.

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Potential Home Sales Drop, but Demand Still Strong

Potential home sales fell by 0.2 percent to 5.69 million in April, according to a recent study. This represents an 89.3 percent increase from the market potential low point reached in December 2008. What the study found is that strong consumer demand fueled gains in market potential for existing home sales, but this was offset by high prices and falling affordability.

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