First American: Mortgage rates champion growth in potential existing home sales

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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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The company’s Potential Home Sales model for July showed the market for existing home sales continues to underperform its potential by 1.3 percent or an estimated 92,000 seasonally adjusted, annualized rate of sales, an improvement over last month’s revised under-performance gap of 1.8 percent, or 104,000 sales. First American said in July, the.

-This puts the likely rise in mortgage rates into perspective – they are unlikely to materially impact the housing market, says Chief Economist Mark Fleming- First American Financial Corporation (NYSE: FAF),a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s proprietary Potential Home Sales.

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In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to First American’s Potential Home Sales Model. "The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with March," First American Chief Economist Mark Fleming said.

-The thriving economy and growing first-time home buyer demand will have a positive effect on home sales, says Chief Economist Mark Fleming- First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s proprietary Potential Home Sales Model for the month.

First American: Mortgage rates champion growth in potential existing home sales. In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said although the housing.

First American: Mortgage rates champion growth in potential existing home sales Posted on May 20, 2019 by admin in News In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model.

"First, we are seeing historically low mortgage. wage growth." Regionally, home sales in the Northeast decreased 4.5% to an annual rate of 640,000. The median price in the Northeast was $277,700,