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Homebodies Keep A Lid On Potential Market Growth

nationalmortgageprofessional.com
 2021-06-22

Existing homeowners hamper with the housing market by choosing to remain in place and not list their homes for sale. First American Financial Corporation released First American’s proprietary Potential Home Sales Model for the month of May 2021. The report found potential existing-home sales increased to a 6.34 million seasonally adjusted annualized rate (SAAR), increasing 0.8% month-over-month. The market potential for existing-home sales increased 22.7% compared to a year ago, representing a gain of 1,173,038 SAAR sales.

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