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Existing home sales beat headwinds, score small gains

Posted by   /  April 23, 2018  /  No Comments

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housingBy 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.

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