Existing Home Sales For February Come In At 4.59M

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HFA Staff
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The National Association of Realtors today released its figures on sales of existing homes for the month of February. The figures showed 4.59M sales last month. The S&P 500 (INDEXSP:.INX) was down slightly just after the figures were announced. The report follows on the building permits and housing starts figures which were released yesterday. Those showed a decline in starts but a small rise in permits. Most were disappointed at the figures which showed a less than consistent incline in the recovery of the housing market. Today’s figures also suggested a slowing recovery of the housing market. Sales for January had been initially reported…

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