Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers
US existing home sales rose 4.2% in February due to easing mortgage rates and increased inventory. Sales fell 1.2% year-over-year, but exceeded economists' expectations. The median sales price increased 3.8% annually to $398,400. Inventory rose 17% year-over-year, resulting in a 3.5-month supply.
