Here’s what everyone should know about improving existing home sales numbers.

NAR existing home sales revisions.

Next week, National Association of Realtors will cave to what CoreLogic called out 10 months ago.

Nov 28-Dec 2 concise outlook on rates, stocks, holiday shopping, jobs, home prices, Europe, QE3 rumors.

A word from the trenches on why homebuyers are getting cold feet.

Rates benefit from political paralysis. And a recap of existing home sales.

Initial Jobless Claims -403,000 for the week ending October 15 -Down 6,000 from previous week’s revised 409,000 (was 404k) -4-week moving average was 403,000, down 6,250 from previous week -While the 4-week average continues to decline, this is not a picture of a healthy jobs market. It appears more as a picture of a jobs [...]

Existing Home Sales (August) -Seasonally Adjusted Annual Rate 5,030,000 -Previous was 4,670,000 -Month/Month Change +7.7% -Full report from NAR -Below is a chart of monthly Existing Home Sales (grey bars) and mortgage rates (brown line.) The value if that chart is mitigated by the First Time Homebuyer credit which expired April 2011. People not in [...]

Consumer Inflation -CPI Month/Month: +0.5% -CPI Year/Year: +3.6% -Core CPI Month/Month (less food & energy): +0.2% -Core CPI Year/Year (less food & energy): +1.8% -This retail inflation is always difficult to explain because while it is most certainly the overall number which affects everyone, it is core which is of interest to economists because core [...]

Existing Home Sales -4.77m annual rate for June, down from 7.08m 2005 peak -Down 0.8% since May and down 8.8% since June 2010 -Median home price $184,300, up 0.8% from June 2010. -Distressed homes accounted for 30% of June sales -Inventory rose 3.3% to 3.77 million existing homes for sale -This is a 9.5-month supply [...]