Lawler: Early Read on Existing Home Sales in February; Lawler "I doubt anyone really cares"

From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.58 million in February , up 2.2% from January's preliminary pace and up 3.7% from last February's seasonally adjusted pace. On the inventory front, local realtor/MLS data, as well as data from other inventory trackers, suggest that the inventory of existing homes for sale at the end of February was down by about 12.3% from a year......(read more)

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