Existing home sales softened in February

Existing home sales softened in February. According to Lawrence Yun, NAR chief economist, the widespread winter storms during the month may have masked underlying demand as "buyers couldn't get out to look at homes in some areas and that should negatively impact near-term contract activity." February sales of 5.02 million remained 7 percent above the 4.69 million-units last year.

Source: Latest Data Release: March 23, 2010 National Association of Realtors

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David J Edwards
Real Estate Agent & REALTOR
Edwards Real Estate Group
Keller Williams Realty Southeast Sound
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