US existing home sales unexpectedly surged by 4.2% in February, as reported by the National Association of Realtors (NAR), when the figure was expected to fall by 3.2% month-over-month.
Realtor.com chief economist Danielle Hale comes on Wealth to speak on February’s home sales data and home prices’ relationship to US mortgage rates ahead of the spring buying season.
To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/series/wealth/
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