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Inman Connect “Homebodies” homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. According to the latest numbers from the National Association of Realtors (NAR), existing homes sold at a seasonally-adjusted annual rate of 5.8 million in May. But First American’s Potential Home Sales Model suggests existing home sales could have hit an annualized rate of 6.34 million last month, if not for the historic lack of supply. Mark Fleming | Photo credit: First American

United statesMark flemingLawrence yunDoug duncanFirst american financial corpNational association of realtorsFederal reserveFannie maeFirst american financialNational associationFirst americanPotential home sales modelFirst american chief economist mark flemingEconomist lawrence yunMae chief economist doug duncanஒன்றுபட்டது மாநிலங்களில்