Lawler: Early Read on Existing Home Sales in April & 3rd Look at Local Housing Markets

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 April, up 1.0% from March’s preliminary pace and up 0.2% from last April’s s…