Wednesday, 5 October 2022 | The Latest Buzz for the Appraisal Industry

Home Purchase Demand Declining

First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model (PHSM) for the month of May 2022. The PHSM measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. “The market potential for existing-home sales in May fell 2 percent to 5.62 …

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