US existing home sales unexpectedly increase
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Sales of previously occupied U.S. homes picked up in February from the previous month as home shoppers took advantage of easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season.
Sales of previously occupied U.S. homes rose in February from the previous month as home shoppers benefited from easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season.
M/M to 4.090M vs. 3.880M consensus and 4.020M prior (revised from 3.91M), according to data released by the National Association of Realtors on Tuesday.
Austin-area home sales and prices fell in February, but pending sales jumped nearly 14%, suggesting buyer demand may be building ahead of the spring homebuying season.