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Existing home sales rise unexpectedly in Feb
Reuters   Saturday, 24 March 2007

A sign points to a home for sale in Vancouver, Washington, April 25, 2006. The pace of U.S. existing home sales rose an unexpected 3.9 percent in February to a 6.69 million-unit annual rate as mild weather spurred home buying, the National Association of Realtors said on Friday. (Richard Clement/Reuters)Reuters - The pace of U.S. existing-home sales rose unexpectedly in February, but inventories of unsold homes also gained, according to a report on Friday that offered mixed news on the downtrodden housing sector.


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