Lawler: Early Look at Existing Home Sales in November

From housing economist Tom Lawler: Early Look at Existing Home Sales in November Based on publicly-available local realtor/MLS reports from across the country released through today, I project that US existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.60 million in November, unchanged from October's preliminary pace and up 15.2% from last November's surprisingly low seasonally adjusted pace. Unadjusted sales should show a higher YOY gain, reflecting the higher business-day count this November compared to last November. If my......(read more)

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