Monday, March 27, 2023 | The Latest Buzz for the Appraisal Industry

Trend Shows Existing Homeowners Increasingly Staying Put, States First American

First American Financial Corp. has released its proprietary Potential Home Sales Model for the month of May 2022, which measures what the healthy market level of home sales should be based on economic, demographic and housing market fundamentals.

For May, potential existing-home sales decreased to a 5.62 million seasonally adjusted annualized rate (SAAR), a 2% month-over-month decrease. This represents a 61.2% increase from the market potential low point reached in February 1993. The market

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