MarketWatch
Sales of existing homes rose in February, as some buyers — particularly those with higher incomes — are keeping the upper end of the market alive and well.
Home sales broadly rose 4.2% in February to a 4.26 million pace.
“The figure for February [was] better than what I anticipated,” Lawrence Yun, chief economist at the National Association of Realtors®, said in a press call.
Home sales in February were down 1.2% from the same month a year ago. The NAR also noted that the figure took into account the fact that February was a day shorter this year than last year, which was a leap year that gave February 2024 an extra day of business.