A Few Random Comments on September Existing Home Sales

Once again, housing economist Tom Lawler's projection of the NAR reported sales rate was much closer than the consensus. For September, the NAR reported sales of 5.55 million on a seasonally adjusted annual rate (SAAR) basis, the consensus was 5.35 million, and Lawler's projection was 5.56 million  (almost exact).  Thanks to Tom for sharing his research with all of us! Yesterday: Existing Home Sales in September: 5.55 million SAAR Even though sales were up in September, I expect that the seasonally adjusted pace for existing home sales will slow in coming months due to......(read more)

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