Lawler: Early Look at Existing Home Sales in March

From housing economist Tom Lawler: Early Look at Existing Home Sales in March Based on publicly-available state and local realtor/MLS reports released through today, I project that US existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.27 million in March, up 3.7% from February's preliminary pace (which should be revised up slightly), and up 0.4% from last March's seasonally adjusted pace. Unadjusted sales should register a slightly higher YOY gain, as there was one more business day this March compared to last March. Local......(read more)

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