First American: Existing-home sales outperform the market's potential in August
First American | September 23, 2019
In August, potential existing-home sales increased from the previous month, exceeding the market’s potential, according to First American’s Potential Home Sales Model. The housing market exceeded its potential in August 2019, as actual existing-home sales were 0.8% above the market’s potential, First American Chief Economist Mark Fleming said. Housing market potential increased relative to last month but declined 1.9% compared with August of last year.