Lawler: Early Read on Existing Home Sales in December

The Lowest Annual Sales Rates since 1995

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 3.84 million in December, up 0.5% from November’s preliminary pace and down 4.7% from last D…