Lawler: Early Read on Existing Home Sales in May
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 4.13 million in May, down 0.2% from April’s preliminary pace and down 2.4% from last May’s seasonally adjusted pace.
Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 5.3% from last May.
And from Lawler: Selected Interest Rates