Lawler: Early Read on Existing Home Sales in January

More Fun with Expected “Real” Rates

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 4.09 million in January, down 3.5% from December’s preliminary pace and up 2.3% from last Ja…