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More Analysis on September Existing Home Sales


Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.71 million SAAR in September

Excerpt: The second graph shows existing home sales by month for 2021 and 2022.

Sales declined 23.8% year-over-year compared to September 2021. This was the thirteen consecutive month with sales down year-over-year.

Existing home sales are being impacted by higher mortgage rates. Rates have increased sharply in October, and that will impact closed sales in November and December – so I expect further declines in sales later this year.There is much more in the article.  You can subscribe at (Most content is available for free, so please subscribe).

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