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Existing Home Sales Expected to Rebound, But Could Be Stronger

Wednesday's release of March existing homes sales data should show improvement over dismal results in February, but the housing market overall is underperforming, according to one expert.

Wednesday's release of March existing homes sales data should show improvement over dismal results in February, but the housing market overall is underperforming, according to one expert. First American Financial (FAF) - Get Free Report , a leading provider of real estate title insurance, tracks housing sales using its proprietary Potential Home Sales Model.  The model provides a measurement on whether home sales are performing at their long-term potential level. Right now, the market is not.  'We see very, very tight inventories and falls in confidence amongst consumers,' said Mark Fleming, Chief Economist at First American Financial.