Lawler: Early Read on Existing Home Sales in May

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in May

A brief 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 4.13 million in May, down 0.2% from April’s preliminary pace and down 2.4% from last May’s seasonally adjusted pace.

There is more in the article.