Look Ahead to Existing Home Sales for September

The NAR is scheduled to release Existing Home Sales for September at 10:00 AM tomorrow. The consensus is for 5.30 million SAAR, down from 5.34 million in August. Housing economist Tom Lawler estimates the NAR will reports sales of 5.20 million SAAR for September and that inventory will be up 4.3% year-over-year. Based on Lawler's estimate, I expect existing home sales to be below the consensus for September . Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for 8+ years.  The table below shows the consensus for each month, Lawler's......(read more)

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