For the second consecutive month, the sale of pre-owned residential properties escalated. The biggest month-over-month gain was in the Northeast.

Sales of existing U.S. single-family homes, townhomes, condominiums and co-operatives during March came to 434,000, bringing to 1.066 million the year-to-date total.

Applying seasonal adjustments, last month’s annual rate of existing home sales worked out to 5.60 million, inching up a percent from the previous month’s rate.

Source: Mortgage Daily