Saturday, August 13, 2022
Aug. 13, 2022

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Home sales jump to 13-year high in February

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WASHINGTON — U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak.

The National Association of Realtors said Friday that home sales jumped 6.5 percent in February from the previous month, to a seasonally adjusted annual pace of 5.77 million. The report covers contracts that were signed in December and January, with closings in February.

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