Tuesday, 28 June 2022 | The Latest Buzz for the Appraisal Industry

Potential Home Sales Decrease on Monthly, Yearly Basis

First American Financial Corporation has released their latest iteration of the proprietary Potential Home Sales Model (PHSM) for April 2022 and found that potential existing-home sales decreased to a 5.74 million seasonally adjusted annualized rate (SAAR), a 3.0% month-over-month decrease.  The reported market potential for existing-home sales decreased 8.1% compared with a year ago, a loss …

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