Feb. Existing Home Sales: -0.9% to 4.59M vs. 4.6M expected, 4.63M prior (revised from 4.57M)....

|By:, SA News Editor
Feb. Existing Home Sales: -0.9% to 4.59M vs. 4.6M expected, 4.63M prior (revised from 4.57M). Inventory of unsold homes +4.3% to 2.438M; months supply 6.4. Median sales price -3.5% Y/Y to $156,600. “The market is trending up unevenly, with record high consumer buying power and sustained job gains giving buyers confidence,” NAR's Lawrence Yun says.