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Existing Home Sales Come Right In Line With Expectations

Mamta BadkarMar 20, 2014, 19:05 IST

REUTERS/Jessica Rinaldi

Existing home sales for February are out at 10 a.m. ET.

Economists polled by Bloomberg are looking for existing home sales to fall 0.4% month-over-month to an annualized pace of 4.60 million units.

This compares with a 5.1% fall to 4.62 million units in January. The severe winter has weighed on housing data.

Pending home sales, considered a leading indicator for future existing home sales, finally ticked up modestly in January but had been down for some time.