Here come existing home sales ...

The latest data on US existing home sales are set for release at the top of the hour.

Economists estimate, according to Bloomberg, that sales of existing single-family homes, condos and coops fell 2.9% in February at an annual rate of 5.31 million.

In January, existing home sales rose to the highest annual rate in six months, by 0.4%.

The series are quite volatile on a month-to-month basis.

Here's a preview from Wells Fargo's Sam Bullard:

Existing home sales rose modestly in January and were 11 percent higher than a year ago. Existing home sales are currently near their cycle highs, although they remain well below their prerecession peak. Tight inventory on the market should remain a major headwind; although total housing inventory rose 3.4%t during the month, they are still 2.2 percent below their year-ago level. Taking into account the 2.5% decline in January pending home sales, we project existing home sales will fall 1.7% in February to a 5.38-million unit pace.

We'll have the latest at the top of the hour, so refresh this page for updates.