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 ›

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 ›

First American’s proprietary Existing-Home Sales Capacity (EHS-C) model provides a gauge on whether existing-homes sales are under capacity or over capacity based on current market fundamentals. For the month of July, the EHS-C seasonally adjusted, annual rate of sales decreased by 23,000, a decreased of 0.4 percent compared to June and a decrease ... Read More ›

Housing market improving as underperformance gap between existing-home sales and market capacity shrinks. First American’s proprietary Existing-Home Sales Capacity (EHS-C) model provides a gauge on whether existing-homes sales are under capacity or over capacity based on current market fundamentals. For the month of June, the EHS-C rate decreased ... Read More ›

NAR Existing-Home Sales numbers for April will be released on Thursday, May 21st. We have crunched the numbers based on April data and believe that the market continues to under-achieve relative to its capacity. Based on fundamentals, housing market capacity continued to strengthen in April based on the most recent information on labor markets, ... Read More ›

As demand for housing continues to grow, one of the key factors holding back growth is the limited number of available homes on the market. Mark Fleming, First American's chief economist, commented on this "weird" phenomenon in a recent CNBC story that points again to the supply problem at the heart of housing today. Read More ›