California February Existing Home Sales increase 1.3% YoY, Prices up 9.7% YoY

Lawler: Early Read on Existing Home Sales in February

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 4.40 million in February, up 10% from January’s preliminary pace but down 2.9% from last Feb…