US Home Sales Rise In February By Most In A Year

Sales of previously owned homes rose 9.5 percent in February from a month prior, said the National Association of Realtors (Credit: AFP)

Sales of existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at slightly lower levels.

Existing home sales advanced 9.5 percent in February from January to an annual rate of 4.38 million, seasonally adjusted, the National Association of Realtors (NAR) said.