Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in August and Some New Household/Housing Stock Data
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 4.07 million in August, unchanged from July’s preliminary pace and down 14.7 % from last August’s seasonally adjusted pace.
Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 3.8% from last August.
CR Note: The NAR is scheduled to released August Existing Home Sales on Thursday at 10:00 AM ET. The consensus is for 4.10 million SAAR, up from 4.07 million in July.There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/