Existing home sales refer to the number of completed transactions for previously owned homes, including single-family homes, townhouses, condominiums, and co-ops, in a given month. The National Association of Realtors (NAR) releases a monthly report on existing home sales data in the United States, which includes information on the number of sales, median home prices, and housing inventory. This data is an important indicator of the health of the real estate market and can impact the economy as a whole, as well as individual homebuyers and sellers.
Homes sales jumped by 14.5% in February but the median price of a home dropped for the first time in a decade. Mortgage rates have been falling since summer but home prices drop for the first time in 131 months.
Today’s Mortgage Rates by Mortgage News Daily
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