Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in June
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 3.93 million in June, down 4.4% from May’s preliminary pace and down 4.4% from last June’s seasonally adjusted pace.
Unadjusted sales should show a materially larger YOY % decline, reflecting this June’s two fewer business days compared to last June.
There is much more in the article.