Lawler on Existing Home Sales, Table of Distressed Sales for Selected Cities in February

From housing economist Tom Lawler: NAR: Home Sales "Fizzled" in February: Northeast Estimate "Looks Low" In a report released this morning, the National Association of Realtors estimated that US existing home sales ran at a seasonally adjusted annual rate of 5.08 million in February, down 7.1% from January's pace and up 2.2% from last February's pace. The NAR's estimate for unadjusted home sales last month was 6.4% higher than a year earlier. The NAR's estimate for home sales was slightly lower my below-consensus projection based on regional tracking. In looking at the NAR's regional......(read more)

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