Lawler: Early Read on Existing Home Sales in October

First Year-over-year gain in Existing Home Sales since August 2021

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 3.97 million in October, up 3.4% from September’s preliminary pace and up 3.1% from last Oct…