Existing us home sales expected to climb

Zillow expects existing home sales to rise 2.9 per cent to 5.02 million units (SAAR) in March.

"There are signs that existing home sales could be looking up at the end of the first quarter, despite a slow start. After sales stalled somewhat in the second half of 2014 – even as prices continued to rise – sales and prices both rose in February from January, up 1.3 percent and 2.7 percent, respectively," explains the site.

"Real median household income also started to rise in 2013 and 2014 after continual declines since 2008, thanks to a tightening labor market just 0.2 percentage points away from full employment."

New home sales, though, are forecast to dip: "New home construction fell drastically in February, with a 15.3 per cent month-over-month decline in home starts, and did not fare much better in March, up just 2 per cent from February. This could mean slower sales in coming months."