US: Existing Home Sales rise by 14.5% in February vs. 0% expected – by eren_fxstreet Housing RealEstate Macroeconomics UnitedStates
d on Tuesday. This reading followed January's contraction of 0.7% and came in much better than the market expectation of 0%.
"The median existing-home sales price decreased 0.2% from the previous year to $363,000," the NAR further noted., home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun. "Moreover, we're seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs."recovered modestly with the initial reaction to the upbeat data and was last seen losing 0.1% on the day at 103.20.
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