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Existing Home Sales: Expect Below Consensus Sales

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Existing Home Sales: Expect Below Consensus Sales

The NAR is scheduled to report June existing home sales on Monday. The consensus is for sales of 5.27 million on seasonally adjusted annual rate (SAAR) basis. However economist Tom Lawler is estimating the NAR will report a June sales rate of 4.99 million. I’m reminded of the Damon Runyon line paraphrasing Ecclesiastes: “The race is not...
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