Lawler on Existing Home Sales, Population Projections and Household Slowdown
From housing economist Tom Lawler:
Existing Home Sales in October: Oops!
Yesterday the National Association of Realtors reported that it estimated that US existing home sales ran at a seasonally adjusted annual rate of 3.79 million in October, a whopping 3.8% below my 3.94 million projection (which was about the same as consensus). The NAR’s estimate of…
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