The Persistent REO

By Mark Fleming on January 21, 2016
In November 2015, real-estate-owned (REO) sales as a share of all residential home sales remained steady on a month-to-month basis, moving up slightly to 8.2 percent from 8.0 percent in October on a non-seasonally adjusted basis. On a year-over-year basis, this was a decrease of 1.2 percentage points when compared to November 2014, which had an ... Read More

Housing

Market Potential Unaffected By Know-Before-You-Owe

By Mark Fleming on January 19, 2016
For the month of December, First American’s proprietary Potential Home Sales model (previously called the Existing-Home Sales Capacity model) showed that the market potential for existing-home sales increased by 0.5 percent compared to November and decreased by 5.1 percent compared to a year ago. The Potential Home Sales model provides a gauge on ... Read More

Housing

Rising Rates Cool Long-Run Potential Home Sales In November

By Mark Fleming on December 17, 2015
For the month of November, First American’s proprietary Potential Home Sales model (previously called the Existing-Home Sales Capacity model) showed that the market potential for existing-home sales decreased by 2.1 percent compared to October and decreased by 8.0 percent compared to a year ago. The Potential Home Sales model provides a gauge on ... Read More

Housing

Expectations of a Rate Increase Dampens Housing in October

By Mark Fleming on November 19, 2015
For the month of October, First American’s proprietary Existing-Home Sales Capacity (EHS-C) model showed that the market capacity for existing-home sales decreased by 3.1 percent compared to September and decreased by 7.3 percent compared to a year ago. The EHS-C provides a gauge on whether existing-homes sales are under capacity or over capacity ... Read More

Housing

Existing-Home Sales Capacity Decreases 0.1 Percent In September

By Mark Fleming on October 22, 2015
Price appreciation fueled by low interest rates is driving market capacity for existing-home sales above actual existing-home sales First American’s proprietary Existing-Home Sales Capacity (EHS-C) model provides a gauge on whether existing-home sales are under capacity or over capacity based on current market fundamentals. For the month of ... Read More

Housing

Existing-Home Sales Capacity Increases 0.4 Percent In August

By Mark Fleming on September 16, 2015
Market capacity for existing-home sales has remained close to six million sales on an annualized basis for more than a year First American’s proprietary Existing-Home Sales Capacity (EHS-C) model provides a gauge on whether existing-home sales are under capacity or over capacity based on current market fundamentals. For the month of August, the ... Read More

Housing