U.S. existing-home sales top estimates, rebound from bad weather

Quick Summary:

Sales climbed the most in the West and South, which were afflicted at the start of the year by destructive wildfires in Los Angeles and severe winter storms, respectively.

Existing-home sales account for the majority of the US total and are calculated when a contract closes.

The supply of previously owned homes jumped 17% from a year ago to 1.24 million, the most for any February since 2020.

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Article Details

Author / Journalist: Michael Sasso, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Home Sales Real Estate Housing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 16:03:49 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 96 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27195048

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 17 hours ago

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