Pursuits
Sales of Existing U.S. Homes Are Short of Last Year’s Pace
Sales of Previously Owned U.S. Homes Falls Short
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The real-estate market in the U.S. has gotten off to an inauspicious start in 2015, with sales falling short of last year’s pace as a dearth of properties drives prices up.
Purchases of existing homes rose 1.2 percent in February to a 4.88 million annual rate from January’s nine-month low of 4.82 million, the National Association of Realtors reported Monday in Washington. A total of 4.94 million houses were sold in 2014, fewer than in the prior year.