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Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in November
A brief excerpt: From housing economist Tom Lawler:
Based on publicly available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.16 million in November, down 6.1% from October’s preliminary pace and down 34.3%% from last November’s seasonally adjusted pace. On an unadjusted basis the YOY % decline in sales was largest in the West, and smallest in the Northeast and Midwest.There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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