Mar 24 2008
Sales Of Existing Home Rise In February
Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®.Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.9 percent to a seasonally adjusted annual rate (1) of 5.03 million units in February from a pace of 4.89 million in January, but remain 23.8 percent below the 6.60 million-unit level in February 2007. The sales pace has been in a fairly narrow range since last September.