Housing market potential increased in November-December 2022 but remains lower than it was in December 2021.
Read More »Mortgage Rates May Experience Decline in Late 2023
According to Chief Economist Mark Fleming, if inflation decelerates toward the Fed’s target range in the second half of 2023, as is currently expected, it’s possible that mortgage rates may decline modestly in the latter half of the year.
Read More »Elevated Purchase Demand Fueling Housing Market Potential
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model for the month of August 2022. The Potential Home Sales Model measures what the ...
Read More »Potential Home Sales Model Reports Slowing Sales
First American Financial Corporation has released the latest Potential Home Sales Model for the month of July 2022, which uses proprietary data to measure what the healthy ...
Read More »Trying to Find a Post-Pandemic Norm
Potential is defined as the latent ability for a thing to develop into something bigger in the future. Currently, the housing market is trying to find a new ...
Read More »Is the Housing Market Finding a Not-so-New Normal?
According to First American Chief Economist Mark Fleming, rising rates may cool house price appreciation, and bring a new norm to the market.
Read More »Existing-Home Sales Rise 1.3% Month-Over-Month in July
"You can’t buy what’s not for sale, even if your buying power says you can afford it,” notes First American Chief Economist Mark Fleming on the latest potential existing-home sales report.
Read More »Home Sales Creep Up Slightly Month-Over-Month
A modest push in sales was overshadowed by a market that remains tight on inventory.
Read More »Homebuying in Spring: Getting Past the “Performance Gap”
An expert looks at the trends that are likely to increase the potential for home sales this spring and the factors that could hold them back.
Read More »Tight Supply Keeping Housing Market Below Potential
The market for existing-home sales continues to underperform, with the potential gap broadening as first-time homebuyers navigate supply shortages and struggle with affordability.
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