For the month of August, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 5.6 percent or an estimated 323,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement relative to last month’s revised performance gap of -5.7 percent or 328,000 ... Read More ›

For the month of July, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 1.3 percent or an estimated 92,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement over last month’s revised under-performance gap of 1.8 percent, or 104,000 (SAAR) ... Read More ›

For the month of June, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by only 0.3 percent or an estimated 17,000 seasonally adjusted, annualized rate (SAAR) of sales, an improvement over last month’s revised performance gap of -3.1 percent or 180,000 (SAAR) ... Read More ›

For the month of May, First American’s proprietary Potential Home Sales model showed that the market for existing-home sales is underperforming its potential by 2.8 percent or by an estimated 156,000 seasonally adjusted, annualized rate (SAAR) of sales. While still underperforming, this is an improvement over last month’s underperformance gap of ... Read More ›

First American Chief Economist Mark Fleming is quoted in an article from TheStreet.com explaining the forces behind low mortgage rates. Read More ›

Earlier this month, I had the opportunity to appear on the Lykken on Lending Blog Talk radio show. On the broadcast, we discussed the National Association of Realtors (NAR) existing-home sales numbers that are released monthly. As you may be aware from my recent comments here and here, I believe that existing home sales have been underperforming ... Read More ›