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Existing Home Sales Beat Headwinds; Now Rates are at 4-Year Highs: Freddie Mac Forecast

Existing Home Sales Beat Headwinds; Now Rates are at 4-Year Highs: Freddie Mac Forecast

Existing-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to February, putting sales at a seasonally adjusted annual rate of 5.60 million units. The March pace built on a 3.0 percent increase in February, but sales are still down 1.2 percent compared to March 2017 . Sales in February were at a rate of 5.54 million. Analysts polled by Econoday had expected existing home sales in the 5.39 to 5.80 range. The consensus was 5.51 million units. Single-family homes sales were up 0.6 percent to an annual rate of 4.99 million units from 4,96 million in February, putting those sales
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