Existing Home Sales Come Right In Line With Expectations

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.