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

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

Actual existing-home sales are 0.2 percent above the market’s current potential, according to our Potential Home Sales model," said Mark Fleming, chief economist at First American.

Housing Market Potential Narrows Performance Gap in April, According to First american home sales Model The keys to closing the performance gap lie in where mortgage rates go from here and how existing homeowners resolve the dilemma to sell or not to sell, says Chief Economist Mark Fleming

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Actual existing-home sales are 0.2 percent above the market’s current potential, according to our Potential Home Sales model," said Mark Fleming, chief economist at First American. "Even as mortgage rates have decreased, and household income has increased, the market is underperforming compared to it’s potential from a year ago.

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Housing Market Potential Narrows Performance Gap in April, According to First american potential home sales model. Business Wire. May 20, 2019. Why Did housing market potential improve in April?

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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-The keys to closing the performance gap lie in where mortgage rates go from here and how existing homeowners resolve the dilemma to sell or not to sell, says Chief Economist Mark Fleming- SANTA ANA,

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.

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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.

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