Home Sales Rose in February as First-Time Buyers Jumped Back into the Market

Ali Nemati5 hours ago22 sec read6 views

Existing home sales rose 1.7% in February as mortgage rates hit a three-year low, attracting more first-time buyers who now account for 34% of sales. This improvement in housing affordability is significant but still falls short of pre-pandemic transaction levels, indicating further recovery potential for the market.

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