The market capacity for existing-home sales rose 0.4% in August compared to the previous month, according to First American Financial.
Market capacity fell by 1.1% on a yearly basis, First American Financial said in its monthly
A slight drop in unemployment and a steady rise in disposable income pushed the market capacity for existing-home sales higher, Mark Fleming, First American's chief economist, said in a news release.
Market capacity for existing-home sales has remained close to 6 million sales on an annualized basis for more than a year, First American said.
