WSJ.com – Home-Sales Data Will Prove Crucial:
Boom or Bubble: Tomorrow’s existing-home sales report and Tuesday’s data on new-home sales will be crucial for real-estate investors and nervous homeowners alike. Last week the housing-starts report showed that home construction plunged 17.6% in March, the steepest drop in more than 14 years.
The numbers will prove interesting, particularly when compared to the local numbers.