Existing‑home sales in the USA unexpectedly rise 1.7% to a seasonally adjusted annual rate of 4.09 million in February, beating Bloomberg forecasts for a decline.The National Association of Realtors reports the February median price at $398,000, inventory of about 1.29 million homes equal to a 3.8‑month supply, stronger activity in higher‑end markets, and that first‑time buyers are 34% of sales while investors are 16%.Redfin says inventory is growing slowly with roughly 45,000 relistings in January, and
Lawrence Yun says wage growth now outpaces price growth and mortgage rates are lower even as annual sales remain about one million below pre‑pandemic levels.