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March 24, 2015

Home sales rise 1.2% in February

  • Tight inventories, affordability problems and nasty winter weather may slow sales in the coming months.
  • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.

    Sales of existing homes rose 1.2 percent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still underperforming by historical standards, the National Association of Realtors said Monday.


     
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