• Lawler: Early Read on Existing Home Sales in September

    29 days ago - By Calculated Risk

    From housing economist Tom Lawler:
    Based on publicly-available local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.20 million in September, down 2.6% from August's preliminary pace and down 3.2% from last September's seasonally adjusted pace. Unadjusted sales should show a larger YOY % decline, reflecting this September's lower business-day count compared to last September.
    On the inventory front, local realtor/MLS data, as well as data...
    Read more ...