Existing Home Sales Increase in United States

The sales of previously owned U.S. homes rose in February by 1.7% according to data from the National Association of Realtors (NAR), as easing mortgage rates and slower price growth boosted affordability. Further, the NAR’s affordability index reached its most favorable level since 2022, reflecting the combined effect of moderating prices, rising incomes, and declining borrowing costs. Market analysts expect further improvement this year as borrowing costs continue to fall and Federal initiatives aim to support affordability. 

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