A jump in the sale of pre-owned homes last month in the West led an overall national gain. In the Northeast, however, there was a significant slump amid brutal weather conditions.
During February, the sale of 319,000 existing U.S. homes was completed. The total reflects the sale of single family homes, townhomes, condominiums and co-operatives.
Last month’s real estate activity brought to 632,000 the number of existing home sales that have closed during the first two months of this year.
Source: Mortgage Daily