Why Housing Market Potential May Build on Momentum from Historic 2020

By Mark Fleming on January 22, 2021
In the final month of 2020, the market potential for existing-home sales reached its highest point since 2007, rising to a 6.18 million seasonally adjusted annualized rate (SAAR) of sales. While the winter months are traditionally real estate’s slow season, the housing market had one more surprise for us in 2020 as our measure of the market ... Read More

Interest Rates Potential Home Sales Tenure

What Will Drive Housing Market Potential in 2021?

By Mark Fleming on December 21, 2020
The housing market continues to impress, even as it enters the colder months, which is traditionally real estate’s slow season. After falling to a near-decade low in May due to pandemic-driven pressures, existing-home sales hit a 14-year high in October. In November, our measure of the market potential for existing-home sales increased 10 percent, ... Read More

Interest Rates Potential Home Sales Tenure

What Does the Housing Market’s Historic Pandemic Rebound Mean for 2021?

By Mark Fleming on November 18, 2020
The housing market’s historic rebound since bottoming in the spring has been nothing short of amazing. After falling to a near-decade low in May, existing-home sales hit a 14-year high in September. In October, our measure of market potential for existing-home sales increased 9.0 percent compared with one year ago to a 5.98 million seasonally ... Read More

Interest Rates Potential Home Sales Tenure

Why Housing Market Potential Remains at 13-Year High Point

By Mark Fleming on October 16, 2020
The housing market’s impressive “V-shaped” recovery has thus far shown significant resilience to the economic impacts of the coronavirus pandemic. Demographically driven millennial demand has continued unabated, low rates have fueled house-buying power, and historically low inventory has increased competition, leading to rising prices. Read More

Interest Rates Potential Home Sales Tenure

Interview with HousingWire: Growth in Housing Market Potential More Sustainable Than Many Believe

By FirstAm Editor on September 30, 2020
First American Chief Economist Mark Fleming was interviewed on HousingWire’s Daily Download podcast last week and explained why growth in housing market potential may be more sustainable than many people realize. Read More

Housing In The News Potential Home Sales

Housing Market Potential Reaches Highest Level Since 2007

By Mark Fleming on September 21, 2020
Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels. This is largely because the economic distress from the pandemic has created a ... Read More

Interest Rates Potential Home Sales Tenure