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 4.06 million in March, down 4.7% from February’s preliminary pace and down 1.5% from last Ma…