Source: San Diego Union-Tribune
“Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. Sales fell 1.2% compared with February last year, ending a string of five straight annual increases. The latest home sales topped the 3.92 million pace economists were expecting, according to FactSet. On an unadjusted basis, sales fell 5.2% from February last year, when the month included an extra day because 2024 was a leap year.” (03/20/25)