No February Chill for Home Sales

The surprising surge in existing home sales for the month could ease market fears about the housing sector

At least one segment of the housing market continues to display resilience. A report from the National Association of Realtors released Mar. 23 showed sales of U.S. existing homes rising 3.9% in February to a 6.69-million-unit annual rate, from a revised 6.44 million pace in January (6.46 million previously). This is the third straight monthly increase in this figure.

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