Existing-Home Sales Rally

Existing-home sales in February rallied, bouncing back from a slog at the start of the year, the National Association of REALTORS® (NAR) reports. Sales increased 3 percent to 5.54 million, marking a 1.1 percent increase from one year prior.
Inventory increased, as well, 4.6 percent to 1.59 million, but remained 8.1 percent lower than one year prior.“A big jump in existing sales in the South and West last month helped the housing market recover from a two-month sales slump,” says