Home / Market Update / U.S. Existing Home Sales Decline in February

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.

Check Also

Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally

The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back recent …