Friday , October 4 2024
Home / The Angry Bear / Early Read on Existing Home Sales in August

Early Read on Existing Home Sales in August

Summary:
Lawler: Early Read on Existing Home Sales in August, Calculated Risk From housing economist Tom Lawler: Early Read on Existing Home Sales in August 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 3.88 million in August, down 1.8% from July’s preliminary pace and down 3.7% from last August’s seasonally adjusted pace. Unadjusted sales should show a slightly larger YOY % decline, as there was one fewer business day this August compared to last August. Local realtor/MLS reports suggest that the existing single-family home sales price last month was up 3.5% from

Topics:
Angry Bear considers the following as important: ,

This could be interesting, too:

NewDealdemocrat writes Manufacturing remains in contraction, with construction on the brink

Angry Bear writes Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year

NewDealdemocrat writes The real nowcast for the economy as of the end of Q3

Angry Bear writes FTC Taking Action Against Rental Property Companies for Deceiving Home, etc. Renters

Lawler: Early Read on Existing Home Sales in August,

Calculated Risk

From housing economist Tom Lawler:

Early Read on Existing Home Sales in August

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 3.88 million in August, down 1.8% from July’s preliminary pace and down 3.7% from last August’s seasonally adjusted pace. Unadjusted sales should show a slightly larger YOY % decline, as there was one fewer business day this August compared to last August.

Local realtor/MLS reports suggest that the existing single-family home sales price last month was up 3.5% from last August.

CR Note: The National Association of Realtors (NAR) is scheduled to release August Existing Home Sales on Thursday, September 19th at 10 AM ET. The consensus is for 3.85 million SAAR, down from 3.95 million in July.

The Optimal Blue 30-Year Fixed-Rate Mortgage Index for borrowers with a FICO score above 740 and an LTV greater than 80% fell to 5.966% on Friday, the first time this index was below 6% since February 3, 2023. The Optimal Blue Indexes are based on actual rate-lock activity.

Early Read on Existing Home Sales in August

Leave a Reply

Your email address will not be published. Required fields are marked *