In a surprising turn, existing-home sales in the US rose by 4.2% in February, surpassing economists’ expectations and rebounding from bad weather. The increased supply of homes and improved conditions heading into spring contributed to the uptick. According to data from the National Association of Realtors, the annualized rate of contract closings reached 4.26 million, exceeding forecasts made by a Bloomberg survey of economists.
Source: https://www.bloomberg.com/news/articles/2025-03-20/us-existing-home-sales-top-estimates-rebound-from-bad-weather