Existing home sales increased 2.9% in February to a seasonally adjusted 4.89 million-unit rate, the National Association of Realtors announced yesterday.

The sales increase to 5.03 million compared to the 4.850 million-unit pace predicted by IFR Markets’ poll of economists and followed an unrevised 0.4% drop to a 4.89 million unit level in January.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.