Lawler: Early Read on Existing Home Sales in February

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in February; Recent Rent Trends at Two Large Publicly Traded Companies in the Single-Family Rental Business

A brief excerpt:

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 4.21 million in February, up 2.9% from January’s preliminary pace but down 2.6% from last February’s seasonally adjusted pace. Unadjusted sales should show a larger YOY % decline, reflecting this February’s lower business day count relative to last February’s.

There is much more in the article.