Lawler: Early Read on Existing Home Sales in November

From housing economist Tom Lawler: Early Read on Existing Home Sales in November Based on publicly-available 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 5.23 million in November, virtually unchanged from October's preliminary pace (which based on local realtor/MLS data seemed low) and down 8.7% from last November's seasonally adjusted pace. On the inventory front, local realtor/MLS data, as well as data from other inventory trackers, ......(read more)

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