From Breitbart: Existing home sales unexpectedly rose in February as affordability hit its best level in nearly four years and first-time buyers surged into the market.
Sales rose 1.7 percent from January to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors reported Tuesday. This was well above the 3.88 million analysts had forecast.
First-time buyers represented 34 percent of February purchases, up from 31 percent in both January and a year ago, matching the highest share in five years. The surge suggests that buyers who had been frozen out by years of high rates and elevated prices are finally finding their way back into the market.
The headline number masked an even stronger story in the segment that matters most to American families. Single-family home sales rose 2.5 percent on the month, driving the overall gain while condo sales declined.
The report also notes that in February, mortgage rates fell to 6.05 percent — a full percentage point below where they stood a year ago.
READ MORE from Breitbart.
US existing-home sales unexpectedly rose in February and the prior month was revised up. Contract closings increased 1.7% to a 4.09 million annualized rate, according to National Association of Realtors data https://t.co/jE6YNvnCG4 pic.twitter.com/6CSJrHgLXV
— Bloomberg TV (@BloombergTV) March 10, 2026
Follow us on X (Formerly Twitter.)
The DML News App: www.X.com/DMLNewsApp
The Dennis Michael Lynch Podcast archive is available below, with the most recent on top. Never miss an episode. Subscribe to the show by downloading The DML News App or go to Apple Podcasts.
