Early Read on Existing Home Sales in November

Treasury and MBS Yields: There and Back Again

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 3.87 million in November, up 2.1% from October’s preliminary pace and down 6.1% from last No…