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US Existing Home Sales Unexpectedly Increase in February

Sales increased 1.7% to 4.09 million units as mortgage rates dropped below 6%, with median home price reaching a record $398,000 for February, NAR reported.

  • Tuesday's NAR report showed U.S. existing home sales increased 1.7% in February to a 4.09 million annual rate, exceeding forecasts.
  • Contracts signed in December and January translated into February closings, as mortgage rates trended lower, with Freddie Mac data showing rates near 6.0%.
  • Market composition showed 1.29 million unsold homes , a 3.8-month supply, with median price at $398,000 and 34% first-time buyers.
  • Despite the uptick, sales remain 1.4% below last year as NAR reports momentum but a slump since 2022 and Housing Affordability Index at 117.6 limits buyers.
  • Looking to the coming months, NAR warns that mortgage-rate declines this year were influenced by Federal Housing Finance Agency bond purchases ordered by President Donald Trump, but scope for further drops is limited amid higher U.S. Treasury yields tied to the U.S.-Israeli war with Iran.
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27 Articles

InsideNoVA.comInsideNoVA.com
+3 Reposted by 3 other sources
Center

Home sales rebound in February as lower mortgage rates boost activity

(The Center Square) – Home sales increased in February after a sharp decline the previous month, as buyers took advantage of falling mortgage rates.

ReutersReuters
Reposted by
Bangor Daily NewsBangor Daily News
Center

US existing home sales unexpectedly increase in February

·United Kingdom
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Associated Press NewsAssociated Press News
+7 Reposted by 7 other sources
Lean Left

US homes sales bounced back in February as homebuyers seized on easing mortgage rates

Sales of previously occupied U.S. homes bounced back in February as home shoppers benefited from easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season.

·United States
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  • 52% of the sources are Center
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, March 10, 2026.
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