Lawler on Existing Home Sales

In a report released today, the National Association of Realtors estimated that US existing home sales ran at a seasonally adjusted annual rate of 5.31 million, down 4.8% from July's downwardly-revised (to 5.58 million from 5.59 million) pace and up 6.2% from last August's seasonally-adjusted pace. The NAR's estimate was way below both consensus and my estimate from early last week based on regional tracking. Part of my "miss" was a "misread" of this August's seasonal factors, which I had assumed would be significantly (rather than just slightly) lower than last August's seasonal factor......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1Ls9nBr
via IFTTT