Posted To: MND NewsWire

Who knows what tomorrow will bring? At least for today we have some welcome good news from the National Association of Realtors® (NAR). Existing home sales, which declined slightly in January, enjoyed a spring-market explosion in February. NAR said sales of pre-owned single-family houses, town houses, condos, and cooperative apartments rose 6.5 percent compared to the previous month. Sales were at a seasonally adjusted annual rate of 5.77 million units compared to 5.46 million in January and were 7.2 percent higher than the 5.38 million rate in February 2019. It was the eighth straight month that sales were higher on a year-over-year basis. Single-family home sales, at a 5.17 million annualized rate, were up by 7.3 percent both from January and from February of 2019. Existing condominium…(read more)

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Source: Mortgage News Daily