U.S. Existing Home Sales Decline in February

Existing home sales in the United States declined in February by 6.6% to a seasonally adjusted annual rate of 6.22 million units, data by the National Association of Realtors (NAR) showed on Monday.

Home resales increased by 9.1% compared with its level in the same period last year.

The decline was attributed to the bad weather conditions, with strong winter storms affecting Texas and the South.