Posted in Industry News
September’s Home Sales Data Reflects Continued Recovery
Housing economist Tom Lawler recently spoke to Calculated Risk, an industry respected finance and economics blog, where he cited September data that points to a continued, albeit slow, housing recovery.
Lawler looks at varied categories of monthly existing home sales, from local realtors and multiple-listings-service sources, like short sales, foreclosures and cash buyers. For September, he examined these typologies as they pertained to selected cities including Las Vegas, Reno, Phoenix, Sacramento, Tucson, Memphis and a few others.
"While I do not yet have enough local realtor/MLS reports to produce a reliable estimate for national existing home sales last month,” said Lawler, “my very early read is that NAR-based existing home sales ran at a seasonally adjusted annual rate of about 5.14 million in September, up 1.8 percent from August."
Read the full article from Calculated Risk here.
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