A short note from housing economist Tom Lawler:
"Based on what I've seen so far, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.77 million in November."
CR Note: Existing home sales for November are scheduled to be released next Wednesday. The consensus is for sales of 5.53 million SAAR. Take the over on Wednesday!
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