by Calculated Risk on 10/22/2025 02:27:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in September
A brief excerpt:
The NAR is scheduled to release September Existing Home sales on Thursday, October 23rd at 10:00 AM. The consensus is for the NAR to report sales of 4.06 million SAAR. Last year, the NAR reported sales in September 2024 at 3.90 million SAAR.
Housing economist Tom Lawler expects the NAR to report sales of 4.00 million SAAR for September.
September sales will be mostly for contracts signed in July and August, and mortgage rates averaged 6.72% in July and 6.59% in August (lower than for closed sales in July).
In September, sales in these markets were up 8.2% YoY. Last month, in August, these same markets were down 2.5% year-over-year Not Seasonally Adjusted (NSA).
Important: There were one more working days in September 2025 (21) as in September 2024 (20). So, the year-over-year change in the headline SA data will be lower than the NSA data suggests (there are other seasonal factors).
…
More local markets to come after the NAR release.
There is much more in the article.
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