Posted To: MND NewsWire

Existing home sales fell back last month from their unexpectedly good performance in February, but still maintained their long record of annual increases. The National Association of Realtors® (NAR) said sales of previously owned single-family houses, townhomes, condos, and cooperative apartments were at a seasonally adjusted annual rate of 5.27 million units in March compared to 5.77 million units in February. The 8.5 percent decline followed a 6.5 percent increase in February and despite the decline, overall sales increased year-over-year for the ninth straight month, rising 0.8 percent from the annual rate of 5.23 million sales in March 2019. Sales stayed well within the range of analysts forecasts collected by Econoday . They ranged from 4.50 million to 5.95 million with a consensus…(read more)

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Source: Mortgage News Daily