Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantania and Mike Santoli.

We are live from Post 9 of the New York Stock Exchange. David Fabers off today.

Coming up this hour, Evercore's Krishna Guha talks to us about the wild headline-driven swings in this market,

where he thinks stocks are going from here. Plus, we've got a major interview with the U.S. special envoy to the Middle East, Steve Wickhoff, on what comes next in the war with Iran.

And we are looking ahead to the next catalyst for tech and the AI trade as Oracle gets set to report results in just a few hours.

Let's get some existing homes with our Diana Oleg this morning. Hey, Diana.

Good morning, Carl. Existing home sales in February rose 1.7%

from January to a seasonally adjusted annualized rate of 4.09 million units. That is a beat. The

street was looking for a slight decline. Now, sales were down 1.4% from a year ago. This count

represents closed sales, so deals from December and January when mortgage rates

stayed in a low range near 6%. There were 1.29 million units for sale at the end of February,

up 2.4% from January, up 4.9% from the year before. That makes a 3.8 month supply of inventory.

Six months is considered a balanced market. Now, tight supply is still

pressuring prices. The median price of a home sold in February $398,000, an increase of 0.3%

year over year. It continues to take longer to sell a home, 47 days up from 42 a year ago,

34% of buyers were first-timers, an increase from 31% a year ago, and 16% of sales were

to investors unchanged firm a year ago.

Just a quick note, I've got an in-depth interview with Celebrity Real Estate CEO Ryan

Sirhant on the property play right now.

He talks AI, competition with Compass, and Mayor Mom Donnie, CNBC.c.com forward slash property play or listen on apple and Spotify.

Sarah, back to you.

Okay, great.

...