Existing home sales increased 5.1% in February to a seasonally adjusted 4.72 million-unit rate, the National Association of Realtors announced yesterday.

The sales rise to 4.72 million, contrasted with a drop to a 4.45 million unit pace predicted by Thomson Reuters’ poll of economists and followed an unrevised 5.3% slide to a 4.49 million unit level in January.

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