Today, in the CalculatedRisk Real Estate Newsletter:
NAR: Existing-Home Sales Increased to 4.38 million SAAR in February
Excerpt:
Sales Year-over-Year and Not Seasonally Adjusted (NSA)
The fourth graph shows existing home sales by month for 2023 and 2024.
Sales declined 3.3% year-over-year compared to February 2023. This was the thirtieth consecutive month with sales down year-over-year. Be careful with February sales - the seasonal factor plays a role in boosting sales.
There is much more in the article.
