Lawler: Early Read on Existing Home Sales in June & 4th Look at Local Markets

California Home Sales Down 19.7% YoY in June, Prices Decline 2.4% YoY

An early read 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 4.26 million in June, down 0.9% from May’s preliminary pace and down 17.0% fro…