Existing homes sales up 5.1% in March to a seasonally adjusted annual rate of 5.33 million units that is right along expectations. We did have a slight downward revision for February. We did have big drop in February so we made up for this nicely in March but we still only have one and a half percent year-over-year sales very strong in the Northeast and Midwest of 11 and nearly 10% respectively those two areas of the country have been trailing the recovery so we're seeing strong gains there, that's the good news! Not-so-good news on inventory 1.98 million homes for sale that is down 1% year over year. We are at 4.5 month supply and days on the market at 47 the Realtors calling that "quite quick" but low supply is pushing prices ever higher the median price of an existing home sold in March $222,700 that's up 5.7% year-over-year and interesting and different price ranges were seeing very weak sales on the very low end where there's really no supply. But we're also seeing weakening in the million dollar home range we had been seeing gains of 20% now just more 6% year-over-year. Realtors saying perhaps the volatility in the stock market spooking that high end of the housing market also. First time buyers at just 30% no meaningful pick up there we should see them or around 40%.