SALES
UP: U.S. sales of previously owned homes rose 0.8 percent in February
from January to a seasonally adjusted annual rate of 4.98 million. That
was the fastest sales pace since November 2009.
INVENTORY
GROWS: More people are also starting to put their homes on the market,
which could help sales in the coming months. The number of available
homes for sale rose 10 percent last month, the first monthly gain since
April.
CONFIDENCE
RISING: The sales gains and increases in homes on the market suggest a
growing number of Americans believe the housing recovery will
strengthen.
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