February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market

📆 2024/03/21 23:28:00
📰 AP

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Sales of previously occupied U.S. homes rose in January from the previous month to the strongest pace in a year as homebuyers were encouraged by a modest pullback in mortgage rates and more properties on the market. Existing home sales climbed 9.5% last month from January to a seasonally adjusted annual rate of 4.

A “for sale” sign is displayed in front of a home in Mount Prospect, Ill., Monday, March 18, 2024. On Thursday, March 21, 2024, the National Association of Realtors reports on existing home sales for February. LOS ANGELES — Sales of previously occupied U.S. homes rose in January from the previous month to the strongest pace in a year with homebuyers encouraged by a modest pullback in mortgage rates and more properties on the market.

Sales rose on a monthly basis in February for the second month in a row, but fell 3.3% from a year earlier.

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