Tag Archives: Potential Sales

Housing market potential increased in November-December 2022 but remains lower than it was in December 2021.

“The higher the mortgage rate, the more sellers will go on strike and the more potential buyers will feel the impact of reduced house-buying power, but price appreciation will further slow and potential buyers can use adjustable-rate mortgages to regain some of that lost house-buying power,” said Mark Fleming, First American’s Chief Economist.

  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 ...

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 ...

According to First American Chief Economist Mark Fleming, rising rates may cool house price appreciation, and bring a new norm to the market.

According to a recent report, home prices increased year over year, but lagged behind previous year’s increases. Additionally, potential existing-home sales increased, underperformed their potential.

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.