February home resales jump much more than expected, despite higher mortgage rates

Published Thu, Mar 20 202510:00 AM EDTUpdated Thu, Mar 20 20253:39 PM EDT

By: Diana Olick

watch nowVIDEO02:30Leading economic indicators for February down 0.3%

Sales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Industry analysts had expected a drop of 3%.

Sales were 1.2% lower compared with February of last year. LEARN MORE…

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