Mark Fleming, chief economist with title insurance company First American, believes the housing market should be performing much better than it is based on NAR’s findings.
“It’s good that sales rose in February, but when we measure how home sales should be we think it should be more,” said Fleming. “The unemployment rate is falling and wages are growing, which is good stimulus for the market. The housing market should be running at a faster pace.”
“The unemployment rate is falling and wages are growing, which is good stimulus for the market. The housing market should be running at a faster pace.”
Fleming agrees that the weather played a significant role in keeping potential buyers from shopping for their piece of the American dream.
“It’s hard to go looking to for a home when you’re digging yourself out of the one you live in,” Fleming told Boston.com.
