First-time Buyers Drive February Sales
Existing-home sales increased in February, reversing losses in January, according to the latest report by the NATIONAL ASSOCIATION OF REALTORS®. However, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect, according to NAR. Existing-home sales— including single-family, townhomes, condominiums and co-ops—rose 5.1 … Continued