Lawler: Early Read on Existing Home Sales in September

From housing economist Tom Lawler: Based on publicly-available state and 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 5.55 million in September, up 4.1% from August's preliminary pace and up 2.0% from last September's seasonally-adjusted pace. Local realtor/MLS data also suggest that existing home listings in aggregate declined slightly last month, and I project that the inventory of existing homes for sale as estimated by the NAR for ......(read more)

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