Existing Home Sales: Take the Under on Thursday

The NAR is scheduled to report July Existing Home Sales on Thursday, August 24th at 10:00 AM ET. The consensus, according to Bloomberg, is that the NAR will report sales of 5.57 million. Housing economist Tom Lawler estimates the NAR will report sales of 5.38 million on a seasonally adjusted annual rate (SAAR) basis, down from 5.52 million SAAR in June. Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for over 7 years.  The table below shows the consensus for each month, Lawler's predictions, and the NAR's initial reported ......(read more)

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