by Calculated Risk on 8/19/2024 10:44:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in July and 3rd Look at Local Housing Markets

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 3.96 million in July, up 1.8% from June’s preliminary pace but down 2.2% from last July’s seasonally adjusted pace.

Unadjusted sales should show an increase from a year ago, with the SA/NSA difference reflecting the higher number of business days this July compared to last July.

Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 3.9% from a year earlier.

CR Note: The National Association of Realtors (NAR) is scheduled to

Keep reading this article on Bill McBride - Calculedriskblog.

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