Existing Home Sales – Oct – Feb

The National Association of Realtors (NAR) reported on Thursday that February Existing Home Sales fell by 0.4% from January to 4.60 million units on an annualized basis. The 4.60 million was inline with estimates and was 7.1% below the 4.95 million units registered in February of 2013.

 

The NAR cited the unusually harsh winter weather, tightening of credit and higher home prices as the cause behind the stagnant sales data.fea_chart_032114_print