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 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

Market Performance Gap. 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 March 2019 and April 2019. Chief Economist Analysis: Why Did Housing Market Potential Improve in April?

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Potential existing-home sales showed a slight increase in April to a seasonally adjusted annualized rate (saar) of 0.1% from March, according to the First American Financial Corporation Potential.

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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.

housing market potential narrows performance Gap in April, According to First American Potential Home Sales Model Housing Market Potential Narrows Performance Gap 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.

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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.