Keeping you up to date on the latest data releases.
- Exisitng Home Sales
Single-family home sales fell sharply in February after three months of growth. Overall sales were down 9.6 percent from January and declined across the country from 6.5 percent to 12.4 percent. The amount of existing sales in February was 4.25 million, down from 4.7 million in January and 2.75 percent below the level in February 2010 of 4.37 million. Housing inventory rose 1.7 percent to 2.97 million, while the median price of existing single-family homes fell to $157,000, which is 4.2 percent below its level last February. Although down, sales of existing single-family home still remain 20.23 percent above the cyclical low of 3.39 million that was reached last July.