Existing Home Sales Down in February

0

Sales of existing U.S. homes fell 0.4 percent in February, while home prices rose at double-digit rates, the National Association of Realtors said Wednesday.


Sales of previously owned single-family homes and condominiums declined to a seasonally adjusted annual rate of 6.79 million units last month, the trade association said.


Single-family homes sales slid 0.3 percent in February to a 5.94 million unit rate from a 5.96 million unit pace in January. Condo sales dropped 1.2 percent to an 848,000 unit rate from an 858,000 unit pace in January.


*

Read the full Reuters story

.

No posts to display