Lawler: Early Read on Existing Home Sales in March

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 4.23 million in March, down 3.4% from February’s preliminary pace and down 2.8% from last ’s…