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Home sales hit highest rate in 3 years
Source: CNN
Sales of previously owned homes reached an annual rate of nearly 5 million in February, the strongest pace in more than three years.
The report Thursday from the National Association of Realtors was the latest sign of a housing recovery that has become a major positive force for the economy.
...The current strength is due to improved fundamentals, including a drop in foreclosures and near record low mortgage rates. A decline in the nation's unemployment rate is also helping.
Read more: http://money.cnn.com/2013/03/21/news/economy/home-sales/index.html?hpt=hp_t2
