Despite sparse home inventory, the National Association of REALTORS reports that 4.59 million "existing homes" were sold in February on a seasonally-adjusted, annualized basis.
Pending Home Sales Rise To 22-Month High
The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
Existing Home Sales Climb To A 20-Month Record
January's home resales moved to a 20-month high -- additional evidence that the nation's housing recovery is underway.
Pending Home Sales Index Posts Second Best Month Since April 2010
The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.
Existing Home Sales Approach Bull Market Territory
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
