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March 22, 2023

Home sales surged in February

LOS ANGELES (AP) — Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates and slight pullback in prices.

The National Association of Realtors said Tuesday that existing home sales jumped 14.5% last month from January to a seasonally adjusted annual rate of 4.58 million. That's the strongest sales pace since September.


 
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