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U.S. February existing home sales up 2% to 6.12 mln By Mike Maynard
WASHINGTON (CBS.MW) -- Sales of U.S. existing homes increased 2 percent in February to a seasonally adjusted annual rate of 6.12 million units from the revised 6.00 million pace seen in January, the National Association of Realtors said Thursday. February's sales were up 5.7 percent from a year earlier. "We could be flirting with another record this year," said David Lereah, chief eceonomist for the realtors group. The median price for an existing home sold in February was $168,100, up 5.7 percent from the prior year.
WASHINGTON (CBS.MW) -- Sales of U.S. existing homes increased 2 percent in February to a seasonally adjusted annual rate of 6.12 million units from the revised 6.00 million pace seen in January, the National Association of Realtors said Thursday. February's sales were up 5.7 percent from a year earlier. "We could be flirting with another record this year," said David Lereah, chief eceonomist for the realtors group. The median price for an existing home sold in February was $168,100, up 5.7 percent from the prior year.