The Real Deal Miami

Existing U.S. home sales reach three-year high

March 22, 2013 01:00PM

Existing home sales across the U.S. grew 0.8 percent in February over the previous month, pushing them to the highest level since November 2009, according to National Association of Realtors data cited by the Wall Street Journal.

The slight increase raised the seasonally adjusted annual rate to 4.98 million — 10.2 percent higher than in February 2012 — for the 20th consecutive month of year-over-year gains. [more]