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Existing home sales rise 3.9 percent
AP   Saturday, 24 March 2007

The sign stands guard outside an existing home for sale in the west Washington Park neighborhood of south Denver on Tuesday, Oct. 17, 2006. Sales of existing homes unexpectedly rose in February by the largest amount in nearly three years, but analysts expressed fears that the recovery for the battered housing industry will be slowed by spreading troubles in mortgage lending. (AP Photo/David Zalubowski)AP - Sales of existing homes rose in February by the largest amount in nearly three years, but worsening troubles in subprime mortgages were viewed as a roadblock to a full-fledged rebound. The National Association of Realtors reported Friday that existing home sales climbed 3.9 percent last month, pushed up by a milder-than-normal winter that boosted sales in areas of the country such as the Northeast.


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