By Jann Swanson | Mortgage News Daily
Existing-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to February, putting sales at a seasonally adjusted annual rate of 5.60 million units.
The March pace built on a 3.0 percent increase in February, but sales are still down 1.2 percent compared to March 2017. Sales in February were at a rate of 5.54 million.