US Existing Home Sales Jump Most In A Year In February
Following January’s big tumble in existing home sales (blamed in large part on winter storms… which apparently surprised analysts as happening in the winter and impacting sales), expectations – despite suddenly declining mortgage rates – were for February to see further weakness in sales (-3.2% MoM).
As we suspected (in our sarcastic intro), sales surprised bigly to the upside in February, rising 4.2% MoM (from a revised 4.7% MoM decline in January). That is the biggest MoM jump since Feb 2024…
Source: Bloomberg
However, despite the rebound, sales remain down 1.2% YoY.
Source: Bloomberg
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.
To the extent January sales were affected by weather, NAR Chief Economist Lawrence Yun said last month that those transactions would be carried into February.
“Home buyers are slowly entering the market,” Yun said in a statement.
“Mortgage rates have not changed much, but more inventory and choices are releasing pent-up housing demand.”
Source: Bloomberg
The supply of previously owned homes jumped 17% from a year ago to 1.24 million, the most for any February since 2020.
Even so, the median sales price increased 3.8% from a year ago to $398,400 – a record for the month – extending a run of year-over-year price gains dating back to mid-2023.
Which got us thinking…
While home prices (in nominal dollars) are testing new record highs, the number of ounces of gold required to buy a home is at its lowest level in 12 years.
Tyler Durden Thu, 03/20/2025 – 10:07
Source: https://freedombunker.com/2025/03/20/us-existing-home-sales-jump-most-in-a-year-in-february/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,686,917,448 |
| Stories: | 8,387,717 |
Whistler Blowers, Insiders
