January Forecast and 4th Look at Local Housing Markets


by Calculated Risk on 2/17/2022 04:20:00 PM

Today, in the CalculatedRisk Real Estate Newsletter: January Forecast and 4th Look at Local Housing Markets


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 6.36 million in January, up 4.3% from December’s preliminary pace but down 4.5% from last January’s seasonally adjusted pace.

Local realtor reports, as well as reports from national inventory trackers, suggest that the YOY % decline in the inventory of existing homes for sale last month was a bit larger than that in December.

Finally, local realtor/MLS reports suggest the median existing single-family home sales price last month was up by about 14.5% from last January.

(Note: The January NAR report will incorporate updated seasonal adjustment factors.)

CR Note: The National Association of Realtors (NAR) is scheduled to release January existing home sales tomorrow, Friday, February 18, 2022, at 10:00 AM ET. The consensus is for 6.12 million SAAR. Take the over.

There is much more in the post. You can subscribe at (Most content is available for free, so please subscribe).

Dow Jones Dives As Ukraine Tensions Rise; Tesla Stock Falls Amid Elon Musk Move; Nvidia Plunges

Previous article

Cepton’s stock leaped by as much as 746%, even after the Nasdaq halted trading 9 times

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News