Early Read on Existing Home Sales in November; Treasury and MBS Yields: There and Back Again

Today, in the CalculatedRisk Real Estate Newsletter: Early Read on Existing Home Sales in November

Excerpt:

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 3.87 million in November, up 2.1% from October’s preliminary pace and down 6.1% from last November’s seasonally adjusted pace.

Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 4.5% from last November.

CR Note: The National Association of Realtors (NAR) is scheduled to release November existing home sales on Wednesday, December 20, 2023, at 10:00 AM ET. The consensus is for 3.78 million SAAR.

There is much more in the post.  You can subscribe at https://calculatedrisk.substack.com/