First American Financial : Rebounding Economy Strengthens Housing Market Potential Despite Unrelenting Supply Squeeze, According to First American Potential Home Sales Model
—You can’t buy what’s not for sale, even if you can afford it, says Chief Economist Mark Fleming—
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s proprietary Potential Home Sales Model for the month of April 2021.
April 2021 Potential Home Sales
- Potential existing-home sales increased to a 6.31 million seasonally adjusted annualized rate (SAAR), a 1.3 percent month-over-month increase.
- This represents an 81 percent increase from the market potential low point reached in February 1993.
- The market potential for existing-home sales increased 30 percent compared with a year ago, a gain of 1,450,345 (SAAR) sales. The year-over-year comparison is very large this month as the housing market came to a halt last year at this…