by Calculated Risk on 12/16/2022 09:44:00 AM

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/