NAR Existing-Home Sales Report Shows 1.7% Increase in February

NAR Existing-Home Sales Report Shows 1.7% Increase in February: February home sales rose 1.7% with affordability improving for the eighth consecutive month. Inventory is growing, but slowly. Month-over-month sales rose in the Midwest, South and West, but fell in the Northeast. Year-over-year sales rose in the South and declined in the Northeast, Midwest and West.