February home sales see small rebound, but supply growth is ‘sluggish’

Published Tue, Mar 10 202610:00 AM EDTUpdated Tue, Mar 10 202612:44 PM EDT

By: Diana Olick

February home sales see small rebound

Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season.

Existing home sales in February rose 1.7% from January to a seasonally adjusted, annualized rate of 4.09 million units, according to the National Association of Realtors. Sales were down 1.4% from February of last year. LEARN MORE…

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