With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will
Community News February Existing Home Sales Jump 118
Existing-home sales bounced back from a tepid January to record the largest month-over-month gain since December 2015, according to the National Association of REALTORS®. February sales rose 11.8% to a seasonally adjusted annual rate of 5.51 million. The national median sales price in February rose 3.6% from the same period a year ago. Inventory also rose slightly.
Lawrence Yun, NAR's chief economist, credited the increase to a combination of lower mortgage rates, increasing inventory, rising income, and higher consumer confidence.
credit to: National Association of REALTORS and Lawrence Yun, NAR's chief economist.