Posted To: MND NewsWire

Sales of existing homes fell sharply in February after two months of modest gains. The National Association of Realtors® said pre-owned single-family houses, townhouses, condominiums, and cooperative apartments sold at a seasonally adjusted annual rate of 6.23 million units. This was down 6.6 percent from January’s sales rate of 6,660,000 units. Sales remain 9.1 percent higher than the 5.70 million unit rate posted in February 2020. Single-family home sales were also down 6.6 percent to an annual rate of 5.52 million from 5.91 million in January and condominium and co-op sales declined by 6.7 percent to 700,000 units. Sales of both housing types remained well above their February 2020 levels, single-family sales by 8.0 percent while condo/co-op sales were 18.6 percent higher. The declining…(read more)

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Published On: March 22, 2021 / Categories: Mortgage News /