The National Association of Realtors also said that the housing market is still expected to soften in coming months. Economists were anticipating sales of about 6.52 million. The upsurge in sales in February was most probably owing to warmer-than-usual weather in January, when sales that were closed in February were initiated. Existing home sales were revised upwards in January to 6.57 million from 6.56 million estimated before.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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