by Calculated Risk on 6/16/2025 10:49:00 AM
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in May
A brief excerpt:
The NAR is scheduled to release May existing home sales on Monday, June 23rd at 10:00 AM. Housing economist Tom Lawler expects the NAR to report sales at a seasonally adjusted annual rate (SAAR) of 4.03 million for May, up slightly from April and down slightly year-over-year.
…In May, sales in these markets were down 4.3% YoY. Last month, in April, these same markets were down 3.4% year-over-year Not Seasonally Adjusted (NSA).
Important: There were fewer working days in May 2025 (21) as in May 2024 (22). So, the year-over-year change in the headline SA data will be higher than for the NSA data.
…
More local markets to come!
There is much more in the article.
