US Existing-Home Sales Experience Significant Uptick in February
US existing-home sales rose by 4.2% in February, surpassing expectations and marking a rebound from the winter slowdown. This increase is attributed to eased mortgage rates and a higher inventory of homes available for sale. Higher-income buyers contributed to the rising sales figures, as the market braces for a busy spring season. Despite the increase, the annual sales figures still show a slight decline of 1.2% compared to the previous year. Analysts note that this positive momentum in the housing market could signal a shift toward a more buyer-friendly environment.
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