News Summary: US home sales rise in February

March 21, 2013 @ 11:14 am

(AP) - SALES UP: U.S. sales of previously owned homes rose 0.8 percent in February from January to a seasonally adjusted annual rate of 4.98 million. That was the fastest sales pace since November 2009.

INVENTORY GROWS: More people are also starting to put their homes on the market, which could help sales in the coming months. The number of available homes for sale rose 10 percent last month, the first monthly gain since April.

CONFIDENCE RISING: The sales gains and increases in homes on the market suggest a growing number of Americans believe the housing recovery will strengthen.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Money News
Top Stories

  • Seeking Answers
    Investigators, engineers, and lawmakers scramble to fix I-5 after bridge collapses

  • Survivors' Stories
    It was "like a roller coaster where you're not attached to the tracks"

  • Bridge Distress
    Washington has an unfortunate history of bridge disasters
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments