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US Existing Home Sales Unexpectedly Increase in February
Existing home sales rose 1.7% to 4.09 million units with a median price of $398,000, while inventory increased to a 3.8-month supply, the National Association of Realtors said.
- US existing home sales unexpectedly increased 1.7% in February to a seasonally adjusted annual rate of 4.09 million units.
- The national median sales price increased 0.3% in February from a year earlier to $398,000, an all-time high for February.
- Housing affordability is improving and consumers are responding, but inventory is growing sluggishly, according to Lawrence Yun, NAR's chief economist.
76 Articles
76 Articles
U.S. homes sales increase in February amid easing mortgage rates
Sales of previously occupied U.S. homes picked up in February from the previous month as home shoppers took advantage of easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season. Existing home sales rose 1.7% last month from January to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Tuesday. Sales fell 1.4% compared with February last year…
US existing home sales rose 1.7 percent to a seasonally adjusted annual rate of 4.09 million in February, down 1.4 percent from a year earlier, the National Association of Realtors said today.
The sales of used homes in the United States rebounded in February, as buyers took advantage of the decline in mortgage rates and a modest increase in properties available in the market for the spring shopping season. Sales of existing homes increased by 1.7% last month compared to January, to a seasonally adjusted annual rate of 4.09 million units, reported the National Association of Real Estate Agents on Tuesday. Sales fell by 1.4% compared t…
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