Lawler: November Existing Home sales estimate of 4.61 million SAAR

Note: Obama is signing the tax legislation right now.

CR Note: This is from housing economist Tom Lawler:

"Based on data received so far, I have revised upward my estimate for existing home sales in November, and I now expect a seasonally adjusted annual rate of around 4.61 million for November."

CR Note: Earlier Tom estimated 4.57 million SAAR, so this is a minor change. Existing home sales for November will be released on Wednesday December 22nd at 10 AM ET.