A brief excerpt:
From housing economist Tom Lawler:
Early Read on Existing Home Sales in October
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 4.09 million in October, up 0.7% from September’s preliminary pace and up 1.5% last October’s seasonally adjusted pace.
Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 2.2% from a year earlier.
CR Note: The NAR is scheduled to report October existing home sales on Thursday. The consensus is for 4.08 million SAAR, up from 4.06 million in September.
There is also a discussion of R* in the article.