Lawler: Early Read on Existing Home Sales in November

Another Step Down for Sales in November

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 4.16 million in November, down 6.1% from October’s preliminary pace and down 34.3%% from las…