Existing home sales rebound sign

Existing Home Sales Rebound In February

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Historically low inventory and quick price growth stalled home sales in the US for a few months, but new data shows the home sales rebound and headed upward. According to the most recent Existing Home Sales Report from the National Association of Realtors®, the total existing home sales rebound (which they define as any completed transaction, including single-family homes, condos, townhouses, and co-ops) rising 3% in February, following two straight months of declines. The seasonally adjusted annual rate is now 5.54 million, which is up from 5.38 million on January and 1.1% higher than last year. Home Sales Rebound and Job Growth …